Powell says Fed will likely cut rates ... - Associated Press News
1 day 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 ...
CPI report updates: Inflation rises slightly | AP News
2 days 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.
U.S. inflation rose 2.6% in October, a month after the Federal Reserve ...
2 days ago · Inflation ticks up for first time since March 02:00. U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest ...
US wholesale inflation picks up slightly in sign that some price ...
1 day ago · Thursday’s report from the Labor Department showed that its producer price index — which tracks inflation before it hits consumers — rose 0.2% from September to October, up from a 0.1% gain the month before. Compared with a year earlier, wholesale prices were up 2.4%, accelerating from a year-over-year gain of 1.9% in September.
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.
Inflation Ticks Up Slightly - The New York Times
2 days 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.
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?
Fed's Daly says central bank likely on track for more rate cuts
NEW YORK, Oct 15 (Reuters) - Federal Reserve Bank of San Francisco President Mary Daly said on Tuesday the central bank remains on track for more rate cuts this year as long as data meets...
CPI report shows inflation ticked up in October. How will Fed …
2 days ago · Inflation has been drifting sporadically down toward 2%, the target set by the Federal Reserve. “Core” inflation, a measure that excludes volatile food and gas prices, rose at an annual rate ...
Musalem says Fed in 'last mile' of inflation fight, but recent data ...
2 days ago · The Federal Reserve is in the "last mile" of its inflation fight, with price pressures converging towards the U.S. central bank's 2% target, though recent data have raised the risk that progress ...