The Personal Consumption Expenditures price index, which is the indicator that the Fed officially targets when it aims for 2 percent annual inflation on average over time, is expected to have climbed by 5.7 percent in November from a year earlier, economists surveyed by Bloomberg estimate.
Part of the jump will be caused by gasoline prices, which were up sharply in November, and have moderated this month.
Earlier this year, big price increases were largely limited to goods that were in short supply as demand surged and as overtaxed shipping lines struggled to keep up.
This month they pivoted on policy, speeding up plans to cut back on economic support and preparing to raise interest rates early next year if that proves necessary.
At the same time, rising housing costs could keep inflation high even as some of the most painful trends of 2021, including a surge in used-car prices tied to a computer chip shortage, moderate.
Fed officials do expect inflation to ease to 2.6 percent by the end of next year, their most recent economic forecasts showed, but that would remain substantially above their 2 percent goal.
“While the drivers of higher inflation have been predominantly connected to the dislocations caused by the pandemic, price increases have now spread to a broader range of goods and services,” Jerome H.
The chip maker apologized to its Chinese customers, partners and the public in a Chinese-language statement on Weibo, the popular social media site.
China has pushed back against accusations of forced labor in Xinjiang, and Intel’s letter made the chip maker a target of widespread condemnation.
Intel is the latest example of a multinational firm that has found itself in the middle of rising tensions between China and the United States.
For Intel, China is both a major marketplace and a center of operations.
As China’s government has grown more aggressive in defending itself overseas, it has used domestic state media to guide nationalist anger at some foreign companies.
Responding to Intel’s apology, a Chinese foreign ministry spokesman, Zhao Lijian, again denied there was any forced labor in Xinjiang.
The Chinese singer Karry Wang, a member of the band TFBoys and an Intel brand ambassador, said on Thursday that he had terminated his contract with the brand.
It also found that police in Xinjiang were able to buy surveillance systems that ran lower-level Intel chips, even though the police were on a United States government list that cut their access to American technology.
The court said it would move with exceptional speed on the two measures, a vaccine-or-testing mandate aimed at large employers and a vaccination requirement for certain health care workers, setting the cases for argument on Friday, Jan.
Both sets of cases had been on what critics call the court’s shadow docket, in which the court decides emergency applications, sometimes on matters of great consequence, without full briefing and argument.
The more sweeping of the two measures, directed at businesses with 100 or more employees, would affect more than 84 million workers and is central to the administration’s efforts to address the pandemic.
The Supreme Court has repeatedly upheld state vaccine mandates in a variety of settings against constitutional challenges.
Employers are allowed to give their workers the option to be tested weekly instead of getting the vaccine, though they are not required to pay for the testing.
States, businesses and religious groups challenged the measure in appeals courts around the nation, and a unanimous three-judge panel of the U.S.
Ms. Holmes, 37, faces two counts of conspiracy to commit wire fraud and nine counts of wire fraud for allegedly lying about Theranos’s technology to land money and fame.
A jury of eight men and four women began deliberations on Monday and continued their discussions on Tuesday.
In Silicon Valley, start-up founders are rarely prosecuted for their truth-stretching claims. Ms. Holmes, who stood out as a female founder in the male-dominated industry, intentionally molded herself after Apple’s Steve Jobs.
In 2015, a Wall Street Journal investigation revealed that Ms. Holmes had overstated the capabilities of Theranos’s blood testing technology, as well as its relationships with pharmaceutical companies and the military.
In emotional testimony, she accused Ramesh Balwani, Theranos’s former chief operating officer, of emotionally and physically abusing her during their secret, decade-long relationship.
But while Google has been reluctant to dive into crypto, Meta has experimented with cryptocurrencies, including an effort to create a global digital currency that could be used by Facebook and WhatsApp users.
With the Omicron variant of the coronavirus raging, Bank of America this week told employees in its New York City corporate offices that they can work from home during the holidays, according to a memo to staff.
At Deutsche Bank, New York staff have been encouraged to work from home for the last two weeks of the year, according to an executive who asked not to be identified discussing personnel matters.
Jefferies was the first Wall Street firm to report a senior casualty during the pandemic: Peg Broadbent, the chief financial officer, died from complications of the coronavirus in March 2020.
Wells Fargo also has postponed its return-to-office plans, citing the “changing external environment” in a memo to staff.
Citigroup, which had called people back two days a week starting in September, is giving its New York and New Jersey staff the option to work remotely, and Morgan Stanley employees also have been given more flexibility to stay home.