2025-12-19
11 分钟President Trump's media company struck a $6 billion deal to merge with a fusion power company.
Plus, November inflation dropped to 2.7 percent.
But why are economists taking the report with a grain of salt?
Even before this report came out,
Fed Chairman Jerome Powell was warning that there could be potential distortions and really playing down the data.
And the Kennedy Center's board voted to rename it as the Trump Kennedy Center.
It's Thursday, December 18th.
I'm Sabrina Siddiqui for The Wall Street Journal, sitting in for Alex Osala.
This is the PM edition of What's News,
the top headlines and business stories that move the world today.
The Bureau of Labor Statistics said today that inflation fell to 2.7% in November,
lower than economists expected.
It was also down from 3% in September,
and there was no October report because of the government shutdown.
Economists have warned that the shutdown caused issues with data collection for the November report that may have distorted those numbers.
Chow Dang, a Wall Street Journal reporter covering the U.S.
economy, joins us now to discuss.
Chow, you write that economists feel the inflation rate might be understated in this report.
Why is that?
Well there was a government shutdown that lasted to mid-November that prevented the Labor Department from collecting some of the data that they normally would have to compile the report.