Powell says Fed will likely cut rates ... - Associated Press News
6 hours ago · WASHINGTON (AP) — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next. Powell, speaking in Dallas, said that inflation is edging closer to ...
Inflation Ticks Up Slightly - The New York Times
1 day ago · The Consumer Price Index rose 2.6 percent in the year through October, a sign that inflation remains stubborn. The report serves as a reminder that the Federal Reserve still has work to do.
Wall Street ends mixed while inflation data keeps Fed rate-cut …
1 day ago · A Labor Department report showed the consumer price index (CPI) rose 0.2% in October on a monthly basis, compared with estimates of a 0.2% increase, according to economists polled by Reuters. It ...
Fed officials wary of inflation risks as they weigh more rate cuts
1 day ago · Subsequent stronger labor market data suggested those fears were overblown, and with inflation continuing to fall - by the Fed's targeted measure it registered 2.1% in September - the central bank ...
CPI report updates: Inflation rises slightly | AP News
1 day ago · Over the long run, core inflation at that pace would exceed the Federal Reserve’s 2% target. Most economists, though, think inflation will eventually resume its slowdown. Consumer inflation, which peaked at 9.1% in 2022, has since fallen steadily, though overall prices are still about 20% higher than they were three years ago.
Federal Reserve issues FOMC statement
Nov 7, 2024 · The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.
Traders Boost Bets on December Fed Cut After In-Line Inflation
1 day ago · Treasuries rallied as traders added to wagers that the Federal Reserve will cut interest rates by another quarter point next month after in-line inflation data. The gains trimmed yields on two ...
US CPI ticks back up, but will not stop another Fed cut in December
1 day ago · It is too early for the Fed to take account of new policies likely to come from the Trump administration. The details. As expected, CPI inflation ticked back up from 2.4 per cent in September to 2 ...
The Fed - Inflation (PCE) - Federal Reserve Board
Aug 2, 2024 · The Federal Reserve seeks to achieve inflation at the rate of 2 percent over the longer run as measured by the annual change in the price index for personal consumption expenditures (PCE). Why does the Fed target PCE inflation instead of the CPI?
All the data so far is showing inflation isn't going away ... - NBC News
Apr 26, 2024 · Indeed, data the Bureau of Economic Analysis released Friday showed that spending outpaced income in March, as it has in three of the past four months, while the personal savings rate plunged to 3 ...