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If you take energy and food out of the equation, annual inflation has been sitting around 2.7 or 2.8% since July. Also: a look at consumer spending on durable goods.
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There is some good news if you dig into the numbers, but overall, inflation progress has stalled
The latest PCE price index shows prices rose three-tenths of 1% in December, the biggest monthly increase since April. This rise is partly due to higher energy costs. However, excluding energy and food, annual inflation has remained around 2.7 or 2.8% since July. Christopher Low, chief economist at FHN Financial, joins us to discuss.
U.S. DOJ files lawsuit to block $14 billion HPE-Juniper merger
The Justice Department, under the new Trump administration, has filed its first antitrust case. And it’s a case inherited from the Biden administration, concerning the basic digital infrastructure for businesses — more specifically, their wireless internet networks.
Music from the episode
Flim Aphex Twin
The team
David Brancaccio
Host
Leanna Byrne
Host, BBC
Kelly Silvera
Executive Producer
Meredith Garretson Morbey
Senior Producer
Alex Schroeder
Producer
Erika Soderstrom
Producer
Ariana Rosas
Producer
Nic Perez
Director/Producer
Dylan Miettinen
Digital Producer
John Bruington
Media Producer
Jesson Duller
Media Producer
Brian Allison
Technical Director
James Graham
Producer, BBC
Jo Critcher
Producer, BBC
Naomi Rainey
Producer, BBC
