Inflation Ticks Up Slightly - The New York Times
2 days ago · The Consumer Price Index rose 2.6 percent in the year through October, a sign that inflation remains stubborn. The report serves as a reminder that the Federal Reserve still has work to do. 10 ...
Powell says Fed will likely cut rates ... - Associated Press News
1 day ago · WASHINGTON (AP) — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next. Powell, speaking in Dallas, said that inflation is edging closer to ...
U.S. inflation rose 2.6% in October, a month after the ... - CBS News
2 days ago · Inflation ticks up for first time since March 02:00. U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest ...
CPI report updates: Inflation rises slightly | AP News
2 days ago · Over the long run, core inflation at that pace would exceed the Federal Reserve’s 2% target. Most economists, though, think inflation will eventually resume its slowdown. Consumer inflation, which peaked at 9.1% in 2022, has since fallen steadily, though overall prices are still about 20% higher than they were three years ago.
US wholesale inflation picks up slightly in sign that some price ...
1 day ago · Thursday’s report from the Labor Department showed that its producer price index — which tracks inflation before it hits consumers — rose 0.2% from September to October, up from a 0.1% gain the month before. Compared with a year earlier, wholesale prices were up 2.4%, accelerating from a year-over-year gain of 1.9% in September.
Federal Reserve issues FOMC statement
Nov 7, 2024 · Federal Reserve issues FOMC statement. Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has made progress toward the Committee's 2 percent objective but remains ...
Inflation Slowed in May, Good News for Consumers and the Fed
Jun 12, 2024 · The new report is a sign that inflation is cooling again after proving sticky early in 2024, and it could help to inform Fed officials as they set out a future path for interest rates.
Fed's Collins expects more rate cuts amid confidence inflation is ...
Oct 8, 2024 · Federal Reserve Bank of Boston President Susan Collins said on Tuesday that with inflation trends growing weaker it is very probable that the U.S. central bank can deliver more interest rate...
The Fed is winning its battle against inflation. So why isn’t it ...
Jun 11, 2024 · It was, however, welcome news to Fed officials that Consumer Price Index-measured inflation fell to 3.4% in April from 3.5% in March.
Inflation Ticks Up, as the Fed’s Victory Remains Incomplete
2 days ago · Still, for the Federal Reserve, the report serves as a reminder that inflation has cooled significantly from its 9.1 percent peak in 2022, but is not yet completely stamped out.