JUST IN: U.S. inflation reached 7.1% for November, a sign the economy is beginning to cool off.
Frederic J. Brown / AFP via Getty ImagesConsumer price growth cooled in November, indicating a slowing economy and a sign that the Federal Reserve's aggressive rate-raising campaign to fight inflation is starting to pay off.
— $361 — failed to surpass the $362 of the fourth quarter of 2019, and it only just had its first quarterly increase in this stage of the coronavirus pandemic.
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