US inflation data cemented big cut for one Fed official, dissent for another
Federal Reserve officials, in their first public comments since the U.S. central bank cut interest rates by half a percentage point, laid out on Friday the depth of the debate over the move, with one governor saying inflation was now so weak the large reduction was needed and another arguing price pressures remain so strong a smaller cut would have been better.
Annual US consumer inflation fell to 2.5% in August, a 3-year low
The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low.
US inflation hits 3-year low as Federal Reserve set to cut interest rates
With the cost of goods and services experiencing a slight decline in August, the Federal Reserve may consider cutting its key interest rate soon.
Rand firms ahead of expected US rate cut, South African inflation data
The rand firmed on Wednesday ahead of an expected U.S. Federal Reserve interest rate cut and South African inflation data. At 0702 GMT, the rand traded at 17.5625 against the dollar, about 0.2% firmer than its previous close.
US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
WASHINGTON (AP) — 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 ...
Gold Rises to Another Record High Ahead of Expected Fed Rate Cut
Gold rose to another record high — after surging almost 2% to an all-time peak on Thursday — as the dollar extended declines ahead of a widely expected Federal Reserve rate cut next week.
Wall St opens slightly higher on rising bets of bigger Fed rate cut
Wall Street opened slightly higher on Friday as investors reevaluated the possibility of a bigger interest rate cut by the Federal Reserve next week. The Dow Jones Industrial Average rose 56.9 points,
US Inflation Hit Highest Level in History Under Biden?
"People can't go out and buy cereal or bacon or eggs or anything else," former U.S. President Donald Trump said in the debate ...
White House's Brainard says US inflation at turning point, focus should shift to jobs
Top White House economic adviser Lael Brainard declared that the U.S. economy had turned the corner in bringing down ...
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Inflation in the United States Has Continued to Decrease: Global Broker Octa’s Predictions About the Fed’s Response
That ultimately impacts economic activity and inflation levels. Investors and analysts await a decision regarding the US interest rate—the primary global benchmark for other countries’ central ...
Which US Cities Have the Highest and Lowest Inflation?
Inflation is improving on average, but recent data shows some areas are experiencing slower price increases than others.The ...
Tax cuts, tariffs and deportation: How economists say Donald Trump would increase inflation
Donald Trump talks a lot about inflation, but would his agenda reduce inflation? Not according to 16 Nobel Prize-winning ...
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US retail sales edge higher, showing resilience despite inflation pressures
Retail sales in the U.S. rose slightly by 0.1% in August, following a sharp increase in July, signaling that consumers remain ...