Powell says Fed will likely cut rates ... - Associated Press News
3 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, in prepared remarks for a speech in Dallas, said that ...
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.
CPI report shows inflation ticked up in October. How will Fed …
1 day ago · Prices were 2.6% higher in October than a year earlier, according to the latest Consumer Price Index, released Wednesday. That's a much lower inflation rate than American consumers endured through ...
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.
US wholesale inflation picks up slightly in sign that some price ...
9 hours 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.
U.S. inflation rose 2.6% in October, a month after the ... - CBS News
1 day ago · Inflation rises 2.6% in October after Fed starts interest rate cuts 04:29. U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve ...
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 ...
Federal Reserve News Fed Takes Aggressive Action in Inflation …
Jun 15, 2022 · The Federal Reserve took its most aggressive step yet to try to tame rapid and persistent inflation, raising interest rates by three-quarters of a percentage point on Wednesday and signaling...
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 ...
All the data so far is showing inflation isn't going away ... - NBC News
Apr 26, 2024 · In the aggregate, Commerce Department indexes that the Fed relies on for inflation signals showed prices continuing to climb at a rate still considerably ahead of the central bank’s 2% annual ...