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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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Unemployment remains at record low through November

Erie, Pa (WJET/WFXP/YourErie.com)– Pennsylvania’s unemployment rate continued to remain at a record low according to the Pennsylvania Department of Labor and Industry’s (L&I) monthly unemployment … Erie, Pa (WJET/WFXP/YourErie.com)– Pennsylvania’s unemployment rate continued to remain at a record low according to the Pennsylvania Department of Labor and Industry’s (L&I) monthly unemployment … See the entire…

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