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Inflation's path lower has coincided with resilient economic growth data. Gross Domestic Product (GDP) showed the US economy grew at an annualized pace of 2.8% during the third quarter.
Cleveland Fed President Beth Hammack, who was the sole dissenter at the Fed’s policy meeting earlier this week, favoring a pause, said Friday she needs to see “further evidence that inflation ...
Weekly calendar Monday. Economic data: Dallas Fed manufacturing activity, November (-3 prior) Earnings: Bath & Body Works (), Zoom Tuesday. Economic data: S&P CoreLogic 20-city year-over-year NSA ...
In fact, the Fed’s December meeting minutes showed officials believed inflation could take longer than anticipated to reach their 2% goal, citing stickier-than-expected inflation data since past ...
CHICAGO, Illinois (Reuters) -Federal Reserve officials appear more likely to cut rates this month after data showed the U.S. labor market remained strong but continued to cool in November, with a ...
“Our baseline forecast implies that [Consumer Price Index]rent inflation will remain above its pre-pandemic norm of about 3.5% until mid-2026,” the Cleveland Fed economists said in their ...
WASHINGTON (Reuters) -Strong U.S. economic and inflation data continue to reshape the debate among Federal Reserve policymakers over the pace and extent of interest rate cuts as investors on ...
The Fed's preferred measure of inflation — the personal consumption expenditures price index excluding volatile food and energy prices — climbed 4.6% in February from a year earlier, data out ...