Key inflation metric rises 0.2% in October, 2.3% annually, in line with expectations

By: Nov. 27 (UPI) — Personal Consumption Expenditures inflation in October rose 0.2%, an increase of 2.3% from a year ago. The Wednesday estimate from the Bureau of Economic Analysis was in line with Dow Jones expectations. “The $72.3 billion increase in current-dollar PCE in October reflected an increase of $74.7 billion in spending for…

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‘Inflation fatigue’ may spur shoppers to spend cautiously Black Friday weekend

By Long Island and national retailers will roll out discounts on Black Friday, hoping to draw customers to the unofficial kickoff of the holiday shopping season.Yet holiday retail spending is expected to grow modestly this year with  consumers still shell-shocked over recent years’ soaring inflation, retail experts said. The U.S. inflation rate has fallen after soaring to a 41-year high…

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