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"The data have given the Fed the 'all clear' for next week, and today's inflation data keep a January cut in active discussion," said Ellen Zentner, chief economic strategist at Morgan Stanley ...
Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Excluding ...
Core inflation was running at a 2.5% rate in the last three months. In the 12 months through November, core prices increased 2.8% after advancing by the same margin in October. The Fed tracks the ...
Federal Reserve Chair Jerome Powell speaks during a news conference following an FOMC meeting on July 26 in Washington, D.C. Thursday's inflation data will be key for the Fed's economic policy.
The increase, fueled by pricier used cars, hotel rooms and groceries, showed that elevated inflation has yet to be fully tamed. Inflation in consumer prices has plummeted from a four-decade high 9.1% in June 2022. Yet despite having reached relatively low levels, it has so far remained persistently above the Fed’s 2% target.
Price growth sped up a bit in November, a sign that efforts to cool inflation may be stalling. Over the past 12 months, the consumer price index climbed 2.7%, the Bureau of Labor Statistics ...
Respondents to the regional Fed bank's survey of consumer expectations in November see inflation a year from now at 3%, versus the 2.9% expected in October, while inflation in three years is seen ...
“To us, accepting higher inflation is the more prudent option.” Worries about a hard landing Thus far, the economy has managed to avoid broader damage from the inflation problem, though there ...