Fed’s favorite inflation gauge shows prices rose at 3.2% annual rate in November, less than expected

By: A gauge the Federal Reserve uses for inflation rose slightly in November and edged closer to the central bank’s goal.The core personal consumption expenditures price index, which excludes volatile food and energy prices, increased 0.1% for the month, and was up 3.2% from a year ago, the Commerce Department reported Friday.Economists surveyed by Dow…

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Inflation Undershoots Fed Projections

By Dilok KlaisatapornBy William J. Luther After years of underestimating inflation, Federal Reserve officials now appear to be overestimating it. The personal consumption expenditures price index (PCEPI), which is the Fed’s preferred measure of the price level, declined slightly in November. It was the first month of deflation recorded since April 2020. Prices have grown…

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City creating jobs, economic prosperity by funding transportation corridor

The Pinal County Board of Supervisors established the Pinal Regional Transportation Authority (PRTA) in 2015 as a public improvement and taxing subdivision of the State of Arizona to coordinate multi-jurisdictional transportation planning, improvements and funding. This organization developed a Regional Transportation Plan (RTP) that was taken to the voters in a November 2017 Special Election….

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