U.S. Economic News
December 11, 2019
U.S. Economic Indicators
Consumer prices rose 0.3% in November (up 2.1% from a year ago). The “core” CPI, which excludes food and energy, increased 0.2% in November and is up 2.3% from last year. BLS Report
U.S. News
Nick Timiraos reports for the Wall Street Journal that Fed officials are likely to hold their benchmark rate steady as they finish up their final rate-setting meeting of the year. Recent statements by Fed leaders indicate that they are comfortable leaving rates on hold in the absence of a significant deterioration of the U.S. economic outlook. WSJ
The Financial Times reports that Congress has just over a week to pass a dozen spending bills to fund the federal government and avoid a shutdown, even as the House prepares to vote on articles of impeachment against President Trump. While both Democrats and Republicans are eager to avoid a repeat of last year’s shutdown, there is concern that Congress will simply run out of time to pass all 12 appropriations bills before the deadline given other pressing matters on the legislative calendar. FT