U.S. Fed’s inflation measure hits 39-year high in November
WASHINGTON — A key inflation measure closely watched by the U.S. Federal Reserve rose at the fastest pace in 39 years in November, increasing pressure on the central bank to tighten monetary policy. The personal consumption expenditure (PCE) price index, the Fed’s preferred inflation measure, jumped 5.7 percent in November from a year ago, the fastest annual pace since July
