
U.S. Economic News
November 13, 2019
U.S. Economic Indicators
Consumer prices rose 0.4% in October (up 1.8% from a year ago). The “core” CPI, which excludes food and energy, increased 0.2% in October and is up 2.3% from last year. BLS Report
U.S. News
The Wall Street Journal reports that Fed Chairman Jerome Powell has signaled that central bank officials are comfortable with the current monetary policy position and see little need for further interest rate cuts in the absence of materially different economic data. Investors anticipate no change in rates at the FOMC’s December meeting, while futures markets see about a 50% chance of an additional cut by the middle of 2020. WSJ
According to the Washington Post, Congress is expected to avert a government shutdown on November 21 by passing a new stopgap spending bill to fund government operations through December 20. The short-term funding bill would give lawmakers more time to agree on a spending package for the rest of the fiscal year, though there is concern that the new funding deadline will fall around the same time the House is expected to vote on articles of impeachment. WaPo