U.S. inflation rose to 2.6% in October, as the Federal Reserve debates whether to cut interest rates at its last meeting before President-elect Donald Trump takes office, the Financial Times reports.
Playbook: “October’s CPI showed just how much inflation is largely a housing problem at this point: Shelter costs accounted for a majority of the overall monthly increase. Nonetheless, wages continue to rise at a faster clip than prices — 4 percent annually in October.”
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Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.
Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.
Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.
Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.
Goddard is the owner of Goddard Media LLC.