{"id":2547721,"date":"2026-01-22T10:21:02","date_gmt":"2026-01-22T15:21:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-ticked-up-to-2-8-in-november-in-feds-preferred-gauge\/"},"modified":"2026-01-22T10:22:11","modified_gmt":"2026-01-22T15:22:11","slug":"inflation-ticked-up-to-2-8-in-november-in-feds-preferred-gauge","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-ticked-up-to-2-8-in-november-in-feds-preferred-gauge\/","title":{"rendered":"Inflation ticked up to 2.8% in November in Fed\u2019s preferred gauge"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Finflation-ticked-up-to-2-8-in-november-in-feds-preferred-gauge%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2547721&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Inflation measured by the Fed&#8217;s preferred gauge, the personal consumption expenditures (PCE) index, rose to 2.8% year-over-year in November 2025 (up 0.1 percentage point), with PCE up 0.2% month-to-month in both October and November. Core PCE, which excludes food and energy, also climbed 2.8% annually in November. The report &#8211; covering both October and November because of a government shutdown &#8211; is the last the Fed will see before its upcoming policy vote. The Fed&#8217;s 2% inflation target remains unmet as early 2021, and while the central bank has been trimming rates, persistent inflation and a relatively resilient labor market are likely to slow further rate cuts into early 2026. The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/manchin-warns-about-record-inflation-inflation-tax-is-real\/\" title=\"Manchin Warns About Record ...: \u2018... Tax is Real\u2019\">consumer price index showed<\/a> a 2.7% annual rise through December. Political pressure is rising: President Trump has called for deeper, faster rate cuts, arguing lower rates would help consumers, while economists warn cutting too soon could reignite inflation. Labor data are mixed: December added 50,000 jobs and unemployment fell to 4.4%, but revisions left the three-month moving average of job gains negative, even as <a href=\"https:\/\/amzn.to\/3YuVZYV\" >private-sector hiring averaged<\/a> about 30,000 monthly. sticky inflation complicates the Fed&#8217;s decision-making and remains a prominent voter concern.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Inflation ticked up to 2.8% in November in Fed&rsquo;s preferred gauge<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2453967\" class=\"tpd-featured-video bridtv\"><\/div>\n<p><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/inflation\/\">Inflation<\/a>&nbsp;rose one-tenth of a percentage point to 2.8% for the year ending in November 2025, the Bureau of Labor Statistics reported Thursday in an update to the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-numbers-are-in-bidens-inflation-is-not-going-away\/\" title=\"The Numbers Are In, Biden\u2019s ... Is Not Going Away\">personal consumption expenditures index<\/a>, which is the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/federal-reserve\/\">Federal Reserve&rsquo;s<\/a>&nbsp;preferred inflation gauge.<\/p>\n<p>Thursday&rsquo;s report is the last the Fed will receive before it votes on interest rates next week.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/4428940\/byron-york-says-greenland-negotiations-are-classic-trump\/\">Byron York says Greenland negotiations are &#8216;classic Trump&#8217;<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/4428814\/trump-foreign-focus-could-turn-off-voters-worried-economy\/\">Trump&#8217;s foreign focus could turn off voters worried about the economy<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/world\/4428902\/watch-live-zelensky-speaks-at-davos-summit\/\">WATCH LIVE: Zelensky speaks at Davos summit<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<div class=\"&ldquo;infogram-embed&rdquo;\" data-id=\"&ldquo;0914817e-c8d6-4d02-a6cb-8804a6645c4f&rdquo;\" data-type=\"&ldquo;interactive&rdquo;\" data-title=\"&ldquo;Copy:\" sep pce><\/div>\n<p><script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(e,n,i,s){var d=&ldquo;InfogramEmbeds&rdquo;;var o=e.getElementsByTagName(n)[0];if(window[d]&&window[d].initialized)window[d].process&&window[d].process();else if(!e.getElementById(i)){var r=e.createElement(n);r.async=1,r.id=i,r.src=s,o.parentNode.insertBefore(r,o)}}(document,&ldquo;script&rdquo;,&ldquo;infogram-async&rdquo;,&ldquo;https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js&rdquo;);<\/script>    <\/p>\n<p>Thursday&rsquo;s report includes data for both October and November, unusually, because the&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/government-shutdown\/\">government shutdown<\/a>&nbsp;prevented the scheduled release of key economic reports.<\/p>\n<p><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/4427097\/trump-floats-overhaul-tax-rules-crack-down-institutional-homebuyers\/\">TRUMP FLOATS OVERHAUL OF TAX RULES TO CRACK DOWN ON INSTITUTIONAL HOMEBUYERS<\/a><\/strong><\/p>\n<p>The report shows that inflation is still proving stubborn, as voters continue to cite the cost of living and affordability as their main concerns. Rising inflation is bad for President&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\">Donald Trump<\/a>&lsquo;s approval ratings and the political prospects of the Republican Party. It will also make it more difficult for the Fed to loosen monetary policy.<\/p>\n<p>On a month-to-month basis,&nbsp;PCE&nbsp;inflation&nbsp;rose 0.2% in both October and November.<\/p>\n<p>Core inflation, which strips out volatile food and energy prices,&nbsp;rose 2.8%&nbsp;on an annual basis in November. Core&nbsp;inflation was 0.2% on a monthly basis in November.<\/p>\n<p>The Fed&rsquo;s goal is 2% annual inflation, which it has not been able to achieve since inflation began taking off in early 2021.<\/p>\n<p>While the PCE index is the Fed&rsquo;s preferred gauge, it lags other inflation data, including the most closely watched inflation metric &mdash; the consumer price index. Inflation <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/4415416\/prices-rose-2025-inflation-stalked-economy\/\">rose 2.7%<\/a> the year ending in December, the Bureau of Labor Statistics reported last week in an update to the CPI.<\/p>\n<p>The Fed hiked interest rates to historic levels in response to the mounting inflation of the past few years, but as inflation has moved to a healthier level, the central bank has begun slowly lowering its rate target.<\/p>\n<p>While the Fed has been incrementally trimming interest rates over the past several months, many analysts expect the Fed to pause further rate cuts for the first part of 2026, given some underlying resilience in the labor market, coupled with too-high inflation.<\/p>\n<p>The Trump administration, meanwhile, has been agitating for much deeper interest rate cuts, with the president repeatedly criticizing the Fed and Fed Chairman Jerome Powell for being &ldquo;too late&rdquo; in cutting rates and for not cutting interest rates more aggressively.<\/p>\n<p>Despite declines in overall inflation in 2025, families across the country are still expressing discontent with prices. That has hurt Trump&rsquo;s approval ratings and has made the economy one of the top issues heading into this year&rsquo;s midterm elections.<\/p>\n<p>Trump argues that lower interest rates will make life easier for consumers by making it less expensive to take out a mortgage or carry credit card debt. Many economists argue, though, that if interest rates move too low, it could reignite inflation and make the overall situation even worse.<\/p>\n<p>The persistence of inflation has created a dilemma for the central bank. In most circumstances, it would not cut its interest rate target with inflation so high. But it also faces pressure to&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/interest-rates\">ease monetary policy&nbsp;<\/a>because of signs that the labor market is weakening.<\/p>\n<p><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/4426548\/trump-fed-candidate-rick-rieder-backed-higher-corporate-tax-rate\/\">TRUMP DARK HORSE CANDIDATE FOR FED, RICK RIEDER, HAS BACKED HIGHER CORPORATE TAX RATE<\/a><\/strong><\/p>\n<p>The economy&nbsp;<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/4412278\/economy-50000-jobs-december-facts-figures\/\">added 50,000&nbsp;jobs&nbsp;in December<\/a>, and the unemployment rate fell to 4.4%. But with revisions to the numbers for October and November, the three-month moving average of&nbsp;job&nbsp;gains was minus-22,000 in December.<\/p>\n<p>Despite that, private-sector&nbsp;job growth has been better, averaging nearly 30,000 over the past three months &mdash; something Trump has touted.<\/p>\n<\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PCE inflation rises to 2.8% in November<\/p>\n","protected":false},"author":3360,"featured_media":2547722,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/01\/AP25344743735329.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[71635,5708,71658,71657,71656],"class_list":["post-2547721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-federal-reserve-2","tag-inflation","tag-interest-rates-2","tag-monetary-policy-2","tag-pce"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/01\/AP25344743735329.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2547721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3360"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2547721"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2547721\/revisions"}],"predecessor-version":[{"id":2547725,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2547721\/revisions\/2547725"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2547722"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2547721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2547721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2547721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}