Inflation cooling but prices still painfully high
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New data out today shows the Consumer Price Index (CPI), which looks at what you pay for goods and services, was up 7.1% for November compared to last year. While that's still high, it's lower than most economists expected. Will this development prompt the Fed to make a more modest interest rate hike when it meets tomorrow?
Plus: An alarming surge of migrants crossing into the US from Mexico is straining resources and overwhelming border towns. And: President Biden will make history when he signs a bill protecting same sex marriage, 10 years after he publicly changed his stance of LGBTQ rights.
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