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Over the prior year, prices rose 2.7% in September, above Wall Street's expectations for 2.6% and in line with the 2.7% seen in August. On a yearly basis, overall PCE increased 2.1%, its slowest ...
The Dow Jones Industrial Average gained nearly 2% for the past week, while the S&P 500 and the tech-heavy Nasdaq Composite added over 1.5%. This week, a fresh reading on the Fed's preferred ...
The Fed's interest rate decision on Wednesday will also be accompanied by an updated Summary of Economic Projections, which includes Fed officials' forecasts for inflation, economic growth, and ...
The latest reading of the Fed's preferred inflation gauge showed prices increased at a pace in line with Wall Street's expectations in July. The core Personal Consumption Expenditures (PCE) index ...
In June, Fed officials saw the fed funds rate peaking at 5.1% in 2024, suggesting just one 25 basis point cut to come this year. But the narrative has shifted quite considerably since that time.
The Fed will convene for the final FOMC meeting of the year on Tuesday, and while markets see a 25-basis point interest rate cut as nearly certain, the view for January and beyond is murky.
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The Federal Reserve held interest rates in a range of 5.25%-5.50% on Wednesday and sought to temper expectations on when the central bank will begin cutting interest rates.