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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.
policymakers revised their expectation for inflation by the end of 2025 to 2.5%, unchanged from its current rate. The officials still expect core prices to fall by the end of next year, also to 2.5%.
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 ...
Inflation has been dropping slowly since the second quarter, assuming a slow downward trajectory after concerns it was stalling in the first quarter this year. Inflation is now rising at 3.2% in ...
Adjusted for inflation, consumer spending edged up 0.1%, consistent with a roughly 2.5% annualized growth rate this quarter. Spending rose at a 3.5% rate in the July-September quarter, accounting ...
The Federal Reserve’s favored inflation gauge — called the personal consumption expenditures index, or PCE — rose at just a 1.5% annual pace last quarter, down from 2.5% in the second ...
The Federal Reserve’s favored inflation gauge — called the personal consumption expenditures index, or PCE — rose at just a 1.5% annual pace last quarter, down from 2.5% in the second quarter.
"Inflation at 2.0% on a quarter-on-quarter basis, for two quarters in a row, is a good reason to start cutting rates," said Chris Low, chief economist at FHN Financial in New York.