How the Fed Views Distorted Data

P.M. Edition for Dec. 18. Inflation eased to 2.7% in November, lower than economists expected. WSJ’s Chao Deng explains why they are taking the report with a grain of salt. President Trump’s media company and a fusion energy company announced a merger valued at $6 billion. Read more about the Trump family’s growing business empire. And WSJ security reporter Benoit Faucon discusses what the attack at Sydney’s Bondi Beach reveals about the threat posed by ISIS. Sabrina Siddiqui hosts.

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