Consumer Impact: Breaking Down the Latest US Inflation Numbers | EWTN News Nightly

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A new report says that inflation in the United States moved slightly higher last month. The spike was fueled by higher costs for hotel rooms and groceries. Consumer prices rose 2.7% in November from last year. The inflation figures are the final major data piece officials from the Federal Reserve will consider before they meet next week to decide on interest rates. Research fellow on Monetary Policy and the Federal Reserve System at George Mason University, Patrick Horan, joins to put these numbers into context for us, and tell us why inflation remains high and where consumers are seeing and feeling it the most. As stated, the inflation numbers are the final piece before the Federal Reserve meets next week to decide on what to do with interest rates. Horan discusses what these findings signal to him and what it means to consumers. On another note, Horan explains how the economy has reacted to the return of President-elect Donald Trump to the White House and what he makes of some of his economic proposals. ------------ EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf