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Cleveland Fed President Beth Hammack, who was the sole dissenter at the Fed’s policy meeting earlier this week, favoring a pause, said Friday she needs to see “further evidence that inflation ...
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); ...
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 ...
Inflation's path lower has coincided with resilient economic growth data. Gross Domestic Product (GDP) showed the US economy grew at an annualized pace of 2.8% during the third quarter.
First is the core PCE price index, the Fed’s favored inflation gauge, on Aug. 30. Then comes the August jobs report on Sept. 6, and finally, a last, pre-meeting snapshot of pricing pressures in ...
The monthly increase marked a stark shift in the inflation data. Prior to Thursday's release, the six-month annualized rate of price increases had been below the Fed's 2% goal for two consecutive ...
Shelter moderates, food remains sticky. Notable callouts from the inflation print include the shelter index, which rose 4.7% on an unadjusted, annual basis, lower than October's 4.9% increase.
Economic data: S&P CoreLogic Case-Shiller National Home Price Index year-over-year, March (+6.38% prior); Conference Board Consumer Confidence, May (96 expected, 97 prior); Dallas Fed ...