The consumer price index likely surged again in November as inflation remains near a 40-year high, continuing to inflict financial pain on millions of Americans.
Wall Street Journal chief economics correspondent Nick Timiraos discusses if the Fed will raise rates another 50 basis points at its next FOMC meeting on 'Cavuto: Coast to Coast.'
When excluding the more volatile measurements of food and energy, prices are expected to climb by 0.3%, or 5.7% annually, suggesting that underlying inflationary pressures remain strong.
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