Financial News Network

The current inflation run is similar to other episodes in history, but with important differences

Trying to find a historical parallel to the current run – and, thus, perhaps a way out – isn't easy.

Read more: https://www.cnbc.com/2021/11/27/the-current-inflation-run-is-similar-to-other-episodes-in-us-history-but-with-important-differences.html

Inflation is not going away any time soon – and Biden will have to wait it out like the rest of us

Inflation has blossomed into a chief concern for the White House, which has ramped up efforts to remedy supply-chain interruptions.

Read more: https://www.cnbc.com/2021/11/24/biden-americans-have-to-get-used-to-inflation.html

The Federal Reserve is likely to become a tougher talking central bank, could end bond program sooner

Expect more tough talk from the Federal Reserve as it may weigh winding down its bond program sooner than expected.

Read more: https://www.cnbc.com/2021/11/24/the-federal-reserve-is-likely-to-become-a-tougher-talking-central-bank-could-end-bond-program-sooner.html

Fed members ready to raise interest rates if inflation continues to run high, meeting minutes show

Minutes from the November Fed meeting show members concerned about inflation and willing to raise interest rates should it continue to run hot.

Read more: https://www.cnbc.com/2021/11/24/federal-reserve-releases-minutes-from-its-november-meeting.html

How climate change is raising the price of your pumpkin pie

Many of the ingredients that go into holiday pies have been hit by floods, fires and drought, causing shortages and pushing prices higher.

Read more: https://www.cnbc.com/2021/11/24/pumpkin-pie-prices-higher-thanks-partly-to-climate-change.html

Key inflation figure for the Fed up 4.1% year over year, the highest since January 1991

Prices for core personal consumption expenditures increased 4.1% from a year ago, the highest since January 1991.

Read more: https://www.cnbc.com/2021/11/24/key-inflation-figure-for-the-fed-up-4point1percent-year-over-year-the-highest-since-january-1991.html

Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969

Initial claims for unemployment insurance were expected to total 260,000 for the week ended Nov. 20.

Read more: https://www.cnbc.com/2021/11/24/us-jobless-claims-fall-to-just-199000-the-lowest-level-since-1969.html

Unusual holiday home-buying surge pushes mortgage demand higher

An unusual fall surge in home buying is driving mortgage demand higher, even as interest rates rise.

Read more: https://www.cnbc.com/2021/11/24/unusual-holiday-home-buying-surge-pushes-mortgage-demand-higher.html

Not since Americans came home from World War II has inflation run through the economy like it is now

Not since Americans came home from World War II has inflation percolated through the economy like it is now, and it could continue to do so for months to come.

Read more: https://www.cnbc.com/2021/11/24/not-since-americans-came-home-from-world-war-ii-has-inflation-run-through-the-economy-like-it-is-now.html

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