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According to updated economic forecasts from the Fed's Summary of Economic Projections (SEP), the central bank sees core inflation hitting 2.5% next year, higher than its previous projection of 2. ...
Data source: Social Security Administration. As shown above, CPI-E inflation averaged 3.4% through the first eight months of 2024. That is three-tenths of a percent above the average CPI-W reading.
Inflation is cooling to 2.4%, and interest rates are shifting, too. Which means 2025's financial landscape is going to look different from the past few years. Given these conditions, here's what a...
Inflation measures the general increase in the price of specific everyday items like a carton of milk or eggs over time, usually a year. The current inflation rate is 2.9%, slightly higher than 2. ...
“It’s 2025 and it doesn’t look like the inflation worries are going away anytime soon, even though that’s what everybody was telling us a few years ago,” he said in a recent YouTube video.
Inflation rates have dramatically fallen since they topped 9% in June 2022. The current annual inflation rate is 2.5%, the lowest it's been since February 2021. That's a significant drop; however,...
The Biden Administration increased the tariff rate on Chinese EVs from 25% to 100% earlier this year. Tariffs on a wider scale should boost inflation, but when done correctly, they can have long ...
Headline consumer prices rose as forecast last month. The CPI increased 2.9% over the prior year in December, an uptick from November's 2.7% annual gain in prices. The yearly increase matched ...