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The Fed cut came as expected, but 2025 is shaping up to feel more like a pause, with officials expecting half the rate cuts they did in September. The labor market is cooling, but it isn't raising ...
In the United States, some Democratic politicians, [57] [58] economists and observers [59] have contended that price gouging and 'greedflation' exacerbated the inflation surge in the United States. [ 57 ] [ 60 ] [ 61 ] They argue that the market concentration that has occurred in recent decades in some major industries, especially retailing ...
Some likely one-time price spikes pushed up overall inflation, with gas prices jumping 4.4% just in December. Prices at the pump have risen by much less since then, moving up 7 cents on Wednesday ...
An update on inflation and the start of third quarter earnings reports will grab investor attention in the week ahead. ... but with today’s strong data it’s more likely that the Fed will move ...
Just as COVID-19 circled the globe without a passport, the inflation surge that followed didn’t recognize international borders either. The U.S. was just one of many countries where prices rose ...
Federal Reserve Chair Jerome Powell said Tuesday that it will take "longer than expected" to achieve the confidence needed to get inflation down to the central bank’s 2% target, signaling that ...
Inflation is improving, which is obviously good news. The annual rate of inflation peaked at 9% last June. It’s now at 4.9%. The year-over-year change in the cost of food, appliances, energy and ...
“A small victory today on the inflation front, and it is the incoming president-elect’s policies that can either continue the progress on inflation or worsen it,” Rupkey wrote in commentary ...