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CHICAGO, Illinois (Reuters) -Federal Reserve officials appear more likely to cut rates this month after data showed the U.S. labor market remained strong but continued to cool in November, with a ...
In fact, the Fed’s December meeting minutes showed officials believed inflation could take longer than anticipated to reach their 2% goal, citing stickier-than-expected inflation data since past ...
The Fed's preferred measure of inflation — the personal consumption expenditures price index excluding volatile food and energy prices — climbed 4.6% in February from a year earlier, data out ...
One-year inflation expectations jumped to 4.3% in February from 3.3% last month, marking the the fifth time in 14 years that the survey reported a rise of 1 percentage point or more in year-ahead ...
The Fed signaled in its policy statement that it is leaning toward holding rates steady in the future, since inflation remains stubbornly above the central bank’s 2% target.
The latest inflation report slashed the risk that the Fed could go back to hiking interest rates this year, Wall Street strategists say. The latest inflation data puts the US economy back in the ...
The final CPI release before the Fed's meeting is expected to be released at 8:30 a.m. ET on Wednesday. Wall Street economists expect headline inflation rose 2.7% annually in November, an increase ...
Investors will be closely watching a fresh reading on inflation for clues on the Fed's interest rate-cutting path. ... Economic data: Personal income, October (0.3% expected, 0.3% prior); ...