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Some policymakers note, however, that the year-over-year number may well nosedive in early 2025 because the price index will be compared to a prior period when inflation was increasing faster then ...
The Cleveland Fed president told Yahoo Finance that a month-over-month jump in the Fed ... It rose 2.8% over the prior year in January, the slowest annual increase since a 2.2% increase in March ...
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.
Nowcasting in economics is the prediction of the very recent past, the present, and the very near future state of an economic indicator. The term is a portmanteau of "now" and "forecasting" and originates in meteorology. Typical measures used to assess the state of an economy, such as gross domestic product (GDP) or inflation, are only ...
The United States Consumer Price Index (CPI) is a family of various consumer price indices published monthly by the United States Bureau of Labor Statistics (BLS). The most commonly used indices are the CPI-U and the CPI-W, though many alternative versions exist for different uses. For example, the CPI-U is the most popularly cited measure of ...
Mester and Daly became the latest Fed officials to offer assurances about the number of cuts in 2024 while at the same time making it clear the Fed is in no hurry to ease monetary policy.
Some economists think it takes roughly a year, which helps explain why inflation started to cool significantly in 2023, a year after the Fed kicked off its hiking cycle.
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 ...