Fed – Page 4 – One America News Network

Gas prices are displayed at a petrol station in Monterey Park, California, on July 19, 2022. - US gasoline prices have fallen from historic highs earlier in the summer, a retreat highlighted by a politically beset White House as a sign of moderating inflation. President Joe Biden took to Twitter to point out that prices at the pump have fallen for more than a month, saving the average driver about $25 a month. Gasoline prices are now at a national average of $4.495 per gallon, down 10 percent from a month ago but up 42 percent from the year-ago level, according to the American Automobile Association. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)

U.S. Inflation Rose 3.1% In November, Above Federal Reserve’s Target

The Federal Reserve’s long-term objective for U.S. inflation was persistently exceeded in November, with 3.1% growth, supporting central bankers’ arguments to maintain current interest rates this spring.

FILE PHOTO: The facade of the original Toronto Stock Exchange building is seen in Toronto

Wall Street ends mixed after job openings hint at cooling economy

Wall Street finished mixed on Tuesday after fresh employment data bolstered bets that the U.S. Federal Reserve will cut interest rates as soon as March.