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Annual inflation in the Tampa metro area surged to an all-time high of 11.3% in 2022, and the region continued to have one of the highest inflation rates the following year.
However, after significant interest rate hikes by the Federal Reserve, the headline inflation rate in the U.S. has come down significantly. In July 2024, the CPI showed a 12-month increase of 2.9% .
“The good news is that shelter costs slowed down to 0.2%, month-on-month, and 4.9%, year-over-year. However, it also showed that there are still plenty of upside risks for inflation going ...
The annual percent change in the US Consumer Price Index for All Urban Consumers is one of the most common metrics for price inflation in the United States. The United States Consumer Price Index (CPI) is a family of various consumer price indices published monthly by the United States Bureau of Labor Statistics (BLS). The most commonly used ...
That's not an alarmingly high rate of inflation. It's also only a modest uptick from September's CPI reading, which measured annual inflation at 2.4%. But in the eyes of the Fed, this looks like a ...
The Fed cut its federal funds rate — the interest rate banks charge each other for short-term loans — by 0.25 percentage points, lowered the rate to a range of 4.25% to 4.5%, down from its ...
Wage growth has since slowed, but the inflation rate has fallen faster, allowing income gains to keep up with rising prices from early 2023 through today. Find Out: The 50 Happiest States in ...
US stocks closed mixed as traders took in the Fed minutes and adjusted their rates outlook. Central bankers saw inflation risks stemming from Trump's trade policy. Investors are pricing in one to ...