US inflation may have picked up in October after months of easing | AP News
15 hours ago · At a news conference last week, Fed Chair Jerome Powell expressed confidence that inflation is still heading down to the central bank’s 2% target, though perhaps slowly and unevenly. “We feel like the story is very consistent with inflation continuing to come down on a bumpy path over the next couple of years and settling around 2% ...
Sticky inflation might make it more tricky for Fed rate cuts, CPI …
1 day ago · SPX. -0.50%. A rapid slowdown in the rate of U.S. inflation appears to have lost steam, potentially raising questions about how aggressively the Federal Reserve will cut interest rates early next ...
Fed’s Kashkari Says Only Inflation Could Derail December Cut
1 day ago · 1:51. Federal Reserve Bank of Minneapolis President Neel Kashkari said he’ll be looking at incoming inflation data to determine whether another interest-rate cut is appropriate at the US central ...
Inflation 'unlikely to show much progress' in October as Fed …
1 day ago · The report, set for release at 8:30 a.m. ET on Wednesday, is expected to show headline inflation of 2.6%, a slight uptick from September's 2.4% annual gain in prices, which marked the lowest ...
Fed cuts key interest rate a quarter-point but signals ... - NBC News
6 days ago · The Federal Reserve announced Thursday it was lowering its key interest rate by a quarter-point — a widely expected move that coincides with inflation approaching the central bank's 2% goal.
Federal Reserve issues FOMC statement
6 days ago · 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 ...
Federal Reserve cuts its key interest rate by a quarter-point | AP News
6 days ago · By CHRISTOPHER RUGABER. Updated 2:42 PM PST, November 7, 2024. WASHINGTON (AP) — The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week.
Inflation Remains Subdued, as Fed Preps Rate Cut
Sep 11, 2024 · Federal Reserve officials are widely expected to make their first interest rate cut in more than four years next week, and the fresh inflation reading — which was the coolest in more than three...
US inflation reaches 3-year low as Fed prepares to cut interest …
Sep 11, 2024 · The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates and likely shaping the economic debate in the final weeks of the presidential race.
All the data so far is showing inflation isn't going away ... - NBC News
Apr 26, 2024 · In the aggregate, Commerce Department indexes that the Fed relies on for inflation signals showed prices continuing to climb at a rate still considerably ahead of the central bank’s 2% annual ...