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The S&P 500 sunk 2.9%. Among the key signals from the Fed include a higher terminal interest rate projection of 3% rather than 2.875%, and an increased inflation forecast of 2.5% next year. Both ...
Policymakers now forecast headline PCE inflation to reach 2.5% next year, up from the September projection of 2.1%, and 2.1% in 2026, compared to the previous 2% estimate.
The latest reading on the Fed's preferred inflation gauge comes just two days after the central ... Over the prior year, core prices rose 2.8%, in line with Wall Street's expectations and ...
An increase in the annual rate of inflation was fully expected because of comparisons to a year-ago period when inflation cooled rapidly as well as some hurricane- and holiday-driven price hikes ...
The Survey of Professional Forecasters (SPF) is a quarterly survey of macroeconomic forecasts for the economy of the United States issued by the Federal Reserve Bank of Philadelphia. It is the oldest such survey in the United States. The survey includes an "anxious index" that estimates the probability of a decline in real GDP. [1]
Along with trimming the number of rate cuts expected this year, the new rate projections raised the long-run "neutral" rate needed to keep inflation in check while maintaining steady growth to 2.8 ...
Fed officials on Wednesday also raised their 2024 outlook for inflation, seeing prices end the year at 2.8% from 2.6% previously as measured by their preferred inflation measure — the "core ...
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased.