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Last month, consumer prices rose 7.1% from a year ago, down from 7.7% in October and the peak of 9.1% in June. On a month-to-month basis, inflation rose just 0.1%. Core CPI, which excludes more volatile food and energy costs, was up 0.2% from October to November, the lowest month- to- month increase since August of 2021. All of these numbers came in lower than economists expected, which spurred a momentary stock market rally. Today, we're going to take a look at some reactions to the latest numbers, then my take.
Today’s clickables: Quick hits (1:41), Today’s story (3:21), Right's take (7:14), Left's take (12:07), Isaac’s take (17:20), Your Questions Answered (19:56), Under the Radar (21:51), Numbers (22:36), Have a nice day (23:22).
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Our podcast is written by Isaac Saul and produced by Trevor Eichhorn. Music for the podcast was produced by Diet 75. Today’s episode was edited by Zosha Warpeha.
Our newsletter is edited by Bailey Saul, Sean Brady, Ari Weitzman, and produced in conjunction with Tangle’s social media manager Magdalena Bokowa, who also created our logo.
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