Search results
Results From The WOW.Com Content Network
WASHINGTON (Reuters) -Slowing inflation in August buttressed arguments Federal Reserve officials used in defense of their decision to lower interest rates by half of a percentage point last week ...
Cleveland Fed president Loretta Mester said Thursday that the latest reading on inflation doesn’t alter her calculus for three rate cuts later in 2024.. A month-over-month jump in the Fed’s ...
And November’s inflation data could be even lower due to falling gasoline and rent prices, according to Yardeni, who noted that the Cleveland Fed's Inflation Nowcasting model is showing just 3% ...
Since 2000 the Chained CPI has on average measured inflation between 0.25 and 0.3 percentage points lower than CPI-U and CPI-W. Opponents of the change note that while the difference is small, it compounds over time, making the reduction in outlays for COLAs for Social Security larger when looked at over a long time horizon. [6]
A new reading of the Federal Reserve’s preferred inflation gauge could make it easier for the central bank to justify a dovish shift in 2024, setting the stage for rate cuts in the new year ...
Nowcasting in economics is the prediction of the very recent past, the present, and the very near future state of an economic indicator. The term is a portmanteau of "now" and "forecasting" and originates in meteorology. Typical measures used to assess the state of an economy, such as gross domestic product (GDP) or inflation, are only ...
Having worked in the Federal Reserve system her entire career, Loretta Mester rose to become president of the Cleveland Fed for a decade until her retirement on June 30. During most of her years ...
The president of the Federal Reserve Bank of Cleveland said she still sees inflation risks, citing higher oil and gas prices. Fed's Mester still views one more rate hike as appropriate [Video ...