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The Federal Reserve's latest inflation forecast published in September said core PCE — the central bank's preferred inflation reading — will likely finish next year at 2.6%, down from 3.7% at ...
The national average rate for savings accounts will be 0.3 percent by the end of 2024, McBride forecasts, while predicting an average of 0.35 percent for money market accounts.
Those same officials now see inflation at 2.5% at the end of next year, up from their previous forecast of 2.1%. Policymakers now don’t expect to reach their 2% goal until 2027.
Core inflation is forecast to rise 2.7% on a year-on-year basis after increasing 2.9% in December. These estimates could change depending on the outcome of producer price data for January, which ...
There's plenty to like about the U.S. economy heading into 2024. Inflation is way down from a year ago, GDP growth keeps beating expectations and employers have added an average of 239,000 jobs a...
The inflation rate was 3.5% for the 12-month period ending in March and 3.2% for the year ending in February. April ended a streak of consecutive months of rising inflation.