Rising consumer prices and likely interest rate hikes are among the top issues at the virtual World Economic Forum
Energy costs jumped 26%, Eurostat reports, while food price increases also contributed to European inflation
Surging prices are haunting consumers and confounding economic planners
Weak demand and supply chain disruptions also challenge growth
The Labor Department also reported Friday that prices rose 0.8% from October to November
Powell also elevated inflation-fighting as a more urgent priority than supporting job growth
The inflation spike is affecting consumers, the Biden administration and central banks
America's employers added a solid 531,000 jobs in October, the most since July of this year
The company has missed a third round of interest payments on its offshore bonds this week, spooking investors globally
Americans continued to spend at a solid clip in September even while facing some sticker shock