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Inflation data has long signaled Fed policy changes because of a dual mandate that includes price stability. But now, critics argue the central bank may be too tied to the 2% target. Why the Fed ...
Waller also said he thought the Fed's short-term rate, which is at 5.4%, the highest in 22 years, is likely high enough to keep inflation headed down to the central bank's 2% target.
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 ...
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 ...
Don Brash, who was governor of New Zealand’s Reserve Bank, offered an off-the-cuff comment in 1988 that he wanted an inflation rate between 0% and 1%. That set off a policy-making process and ...
The annualized inflation rate hit 3.5% in March, up from 3.2% the month before and 3.1% in January. The Federal Reserve’s inflation target is 2%, and for much of the last 12 months, it looked as ...
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."