Yes, according to economists’ forecast for this Friday’s November update (Dec. 10) on consumer prices.

Continue reading →

* Biden says US preparing ‘strong measures’ on Russia if it invades Ukraine
* House takes first step in preventing a possible default on US debt
* Omicron variant partly evades protection offered by Pfizer vaccine, study shows
* Inflation is a leading concern for American voters via a new survey
* Debt-default worries persist for two of China’s biggest property companies
* Credit card giant Visa launches consulting service for cryptocurrencies.
* Germany’s parliament elects Olaf Scholz as new chancellor
* Is the flattening yield curve a sign that the Fed can’t/shouldn’t raise rates?
* US post-Covid goods spending has surged: