Federal Reserve's preferred inflation gauge ... - Associated Press News
6 days ago · The modest monthly inflation figures in Friday’s report point to one likely reason why the Fed was willing to cut its benchmark interest rate Wednesday: Its preferred inflation gauge, known as the personal consumption expenditures price index, is coming in lower — and closer to the Fed’s target — than the higher-profile consumer price index.
US consumer spending solid; inflation showing progress as year …
6 days ago · It forecast only two rate reductions in 2025, in a nod to the economy's continued resilience and still-high inflation. In September, Fed officials had forecast four quarter-point rate cuts next year.
Inflation | Latest News & Reports | AP News - Associated Press News
Dec 20, 2024 · As prices continue to rise, the Federal Reserve is raising interest rates to fight inflation. Read the latest coverage around the U.S. economy and rising inflation.
Inflation heated up last month as consumer prices rose 2.7% ...
Dec 11, 2024 · Inflation heated back up again in November, but it likely wasn’t bad enough to keep the Federal Reserve from cutting rates next week. Consumer prices were up 2.7% for the 12 months ended in ...
US consumer price increases accelerated last month with inflation ...
Nov 27, 2024 · According to the Federal Reserve’s preferred inflation gauge, consumer prices rose 2.3% in October from a year earlier, the Commerce Department said Wednesday. That is up from just 2.1% in September, though it is still only modestly above the Fed’s 2% target.
Inflation Ticks Up Slightly Ahead of Fed Meeting
Dec 11, 2024 · Consumer prices rose 2.7 percent in the year through November, a slightly hotter rate than the previous month. The Federal Reserve is considering whether to cut interest rates next week.
Inflation Ticks Up, but Details Are Encouraging for the Fed
Dec 11, 2024 · Inflation sped up last month, but the details suggested cooling ahead. Next week, the Fed will make its final rate decision for 2024. A chart showing inflation, which was up 2.7 percent for the ...
Live Updates: Inflation Runs Hotter Than Expected
Apr 10, 2024 · The moves followed a consumer inflation report that came in hotter than expected, with prices rising 3.5 percent in March from a year earlier, marking another month of stubbornly high inflation.
CPI rose 2.7% in November from a year ago as Fed struggles ... - CBS News
Dec 11, 2024 · Inflation rose 2.7% on an annual basis in November, according to the latest government report on the Consumer Price Index, or CPI. Last month's CPI was forecast to come in at 2.7%, according to ...
Inflation hit a bump in October after slowing for six straight …
Nov 13, 2024 · Consumer prices rose 0.2% last month and were up 2.6% from the year before, according to the latest Consumer Price Index data released Wednesday by the Bureau of Labor Statistics. Housing-related...