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The Fed has raised its target rate 11 times ... In California, year-to-date sales of existing single-family homes were up as of April. But while there were big gains in sales of homes priced at ...
According to updated economic forecasts from the Fed's Summary of Economic Projections (SEP), the central bank sees core inflation peaking at 2.5% next year, higher than September's projection of ...
Those longer-term interest rates have decoupled from the Fed, driven by a surge in the 10-year Treasury yield as investors brace for a stronger economic outlook and hotter inflation. The 30-year ...
PALO ALTO, California (Reuters) -The U.S. central bank's 2% target for inflation is key to achieving price stability and essential for ensuring economic prosperity, New York Federal Reserve Bank ...
And those perceptions could continue to get worse the longer it takes the Fed get inflation back to its 2% target. Fed officials don’t expect inflation to reach 2% until 2026, according to their ...
The Fed’s favorite inflation gauge—the core personal consumption expenditures (PCE) price index, which excludes more volatile food and energy prices—rose 2.8% from a year ago in March. That ...
The Fed's preferred inflation gauge — "core" PCE — showed prices rose 0.3% over the prior month in September, the most in four months, while annual price increases slowed modestly to 3.7% from ...
Williams expects the Personal Consumption Expenditures index, which is the Fed's preferred inflation gauge, to be at 2.25% to 2.50% this year "before moving closer to 2% next year."