Federal Reserve's likely slowdown in rate cuts could disappoint ...
3 days ago · Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, ... The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and ...
CPI report updates: Inflation rises slightly | AP News
Nov 13, 2024 · 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. Powell also noted that most sources of price pressures are cooling, suggesting that inflation isn’t likely to accelerate in the coming months.
Inflation hit a bump in October after slowing for six straight …
Nov 13, 2024 · The annual rate of inflation moved higher last month for the first time since March, as expected — but economists say the underlying trend remains favorable for another round of interest rate cuts.
Inflation rate hit 2.4% in September, topping expectations; jobless ...
Oct 10, 2024 · The consumer price index increased a seasonally adjusted 0.2% for the month, putting the annual inflation rate at 2.4%. Both were 0.1 percentage point higher than forecast. Excluding food and...
CPI Report: US inflation reaches lowest point since February 2021 | AP News
Oct 10, 2024 · Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential race.
Inflation is getting back to normal. But price problems persist - CNN
Oct 10, 2024 · High inflation, rather, is “dying, but not dead,” noted Olu Sonola, Fitch Ratings’ head of US economic research. On a monthly basis, prices rose 0.2%, in line with the advance in August but...
Inflation falls to its lowest level in more than 3 years. Here’s what ...
Sep 11, 2024 · Inflation fell to its lowest level in 3-and-a-half years in August, clearing the way for the Federal Reserve to start cutting interest rates next week. Consumer prices in August...
Stubbornly high US inflation grew stronger than expected in March - CNN
Apr 10, 2024 · Surging gas prices and sky-high mortgages and rent sent inflation rising more than expected in March, adding to Americans’ prolonged and painful battle with high costs. That could force the...
Inflation Slowed in May, Good News for Consumers and the Fed
Jun 12, 2024 · Just hours before the release of the Federal Reserve’s latest rate decision, fresh inflation data showed that price increases slowed notably in May. The new report is a sign that inflation is...
All the data so far is showing inflation isn't going away, and is ...
Apr 26, 2024 · Commerce Department indexes that the Fed relies on heavily for inflation signals showed prices continuing to climb at a rate still considerably higher than the 2% annual goal. …