Inflation rises to 2.8% in November, staying above the Fed’s target
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Inflation ticked up to 2.8% in November, according to the Commerce Department. The reading remains above the Federal Reserve’s 2% target. Persistent inflation can keep pressure on interest-rate decisions and household budgets.
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Key Entities
- • Commerce Department - Agency reporting the inflation figure
- • Inflation - Measure of broad price changes over time
- • Federal Reserve - Central bank targeting 2% inflation
- • Interest rates - Policy lever influenced by inflation trends
- • Household budgets - Consumers absorbing higher prices
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