American consumers lost some confidence this month after the stock market tumbled and the economy showed signs of weakness, the University of Michigan said Friday.
U.S. consumer prices were unchanged in November as declines in energy and food held down overall costs. But core inflation was up 2 percent over the 12 months ending in November. That was the fastest pace in more than a year and the kind of increase Fed officials want to see to justify the start of a round of interest rate increases.