Balanced News: An inflation measure watched by the Fed eases to 5.5%

WASHINGTON — A measure of inflation closely watched by the Federal Reserve slowed last month, another sign that a long surge in consumer prices seems to be easing. On a month-to-month basis, prices rose 0.1% from October to November after rising 0.4% the previous month. Their spending rose just 0.1% from October to November and didn’t rise at all after adjusting for higher prices.