Inflation falls to 2.7% as Harvard economist calls it ‘positive news’

A Harvard economist mentioned the most recent inflation report delivered unexpectedly robust outcomes, calling it “optimistic information” with nearly no destructive spin on it.

“There is no different solution to spin it,” Ken Rogoff advised CNN’s Information Central on Thursday.

The stronger-than-expected report comes because the White Home faces continued scrutiny over the tempo of the financial restoration. On Thursday, This is reported by the Ministry of Labor that inflation decreased to 2.7% in November 2025, from 3% in September 2025.

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President Donald Trump speaks throughout a primetime handle to the nation within the Diplomatic Reception Room of the White Home in Washington, DC, on Wednesday. (Doug Mills/The New York Instances/Bloomberg through Getty Photographs)

Throughout a primetime handle on Wednesday, Trump mentioned financial considerations and criticized his predecessor’s dealing with of the problem. The president argued that his administration has turned across the economic system after inheriting vital challenges from the Biden administration.

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“Right here at residence, we’re bringing our economic system again from the brink of wreck,” Trump mentioned.

“The final administration and their allies in Congress have looted our treasury to the tune of trillions of {dollars}, driving costs up and every little thing to unprecedented ranges. I am bringing these excessive costs down and really rapidly,” he added.

Kenneth Rogoff, professor of economics at Harvard College, will seem on the twenty fourth Jacques Polak Annual Analysis Convention in Washington, DC on November 9, 2023. (Ting Shen/Bloomberg through Getty Photographs)

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On CNN, Rogoff mentioned the drop in inflation was larger than many economists anticipated.

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“I used to be shocked, it was a greater quantity than anybody anticipated. Look, inflation has been very excessive. It has stayed excessive. It has not fallen,” he mentioned.

‘Folks anticipated rates of interest to be above 3%. It was nicely beneath 3%. I imply, I feel the president will take this as excellent news. The buyers will suppose that the rates of interest [will] extra cuts,” Rogoff mentioned.

President Donald Trump shows a signed govt order imposing tariffs on imported items throughout a “Make America Rich Once more” commerce announcement occasion within the White Home Rose Backyard on April 2. (Andrew Harnik/Getty Photographs)

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Throughout his speech, Trump additionally introduced “Warrior Dividends,” rewards that will likely be despatched to all active-duty navy members in honor of the nation’s 250th anniversary.

Regardless of encouraging inflation figures, indicators of financial pressure stay. The US unemployment rate rose to 4.6% in November 2025, the best degree since 2021.