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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 ...
By April, Barclays predicts overall price increases will drop to 2.3% while core inflation slides to 2.7%. That would be well below the 40-year high of 9.1% in mid-2022 and modestly above the ...
Cleveland Fed President Loretta Mester said Tuesday that the central bank could lower interest rates "later this year," warning it would be a "mistake" to cut too soon.
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 ...
After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts.
A new reading of the Federal Reserve’s preferred inflation gauge could make it easier for the central bank to justify a dovish shift in 2024, setting the stage for rate cuts in the new year ...
That implies it will take more than three inflation reports for the Fed to feel confident about lowering rates from a 23-year high, putting the odds of a first rate cut in September if the data ...
One of the reasons Bostic said he believes inflation will continue to drop is that he doesn’t think the hot economic data seen in the third quarter — third quarter GDP was revised up to 5.2% ...