Inflation Ticks Up Slightly - The New York Times
1 day ago · The report today underscores why Fed officials have been hesitant to declare victory over inflation. While 2.6 percent is a lot better than the 9.1 percent peak inflation reached in 2022, it isn ...
Powell says Fed will likely cut rates cautiously given persistent ...
7 hours 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, in prepared remarks for a speech in Dallas, said that ...
CPI report updates: Inflation rises slightly | AP News
1 day 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.
CPI report shows inflation ticked up in October. How will Fed …
1 day ago · Prices were 2.6% higher in October than a year earlier, according to the latest Consumer Price Index, released Wednesday. That's a much lower inflation rate than American consumers endured through ...
Inflation Stays Firm, but Not Enough to Derail December Fed Cut
1 day ago · The Labor Department on Wednesday reported that consumer prices in October rose 2.6% from a year earlier. That marks a pickup in the pace of inflation from September, when prices were up 2.4% on ...
Inflation Remains Subdued, as Fed Preps Rate Cut
Sep 11, 2024 · The Consumer Price Index climbed 2.5 percent in August from a year earlier, a notably cooler pace of inflation than July’s 2.9 percent and down sharply from a peak of 9.1 percent back in 2022.
The Fed - Monetary Policy: Monetary Policy Report (Branch)
Mar 3, 2023 · Inflation. Consumer price inflation, as measured by the 12-month change in the price index for personal consumption expenditures (PCE), was 5.4 percent in January, down from its peak of 7 percent last June but still well above the FOMC's 2 percent objective.
U.S. inflation rose 2.6% in October, a month after the ... - CBS News
1 day ago · Inflation rises 2.6% in October after Fed starts interest rate cuts 04:29. U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve ...
US inflation reaches 3-year low as Fed prepares to cut interest …
Sep 11, 2024 · 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 interest rates and likely shaping the economic debate in the final weeks of the presidential race.
Inflation Ticks Up, as the Fed’s Victory Remains Incomplete
1 day 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.