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Inflation (Consumer price index, or CPI): up 2.4% from a year ago, a slight slowdown from 2.5% during the Fed’s last meeting CPI, excluding food and energy: 3.3%, up from 3.2%
Powell and his colleagues said in December that they expect inflation to remain more elevated than previously thought — predicting it will end 2025 at 2.5% instead of a prior forecast of 2.2%.
The producer price index show prices rose 0.4% in November, higher than consensus estimates of 0.2%. Inflation has been inching higher, raising worries that it could hinder the Fed's ability to ...
Core inflation, which excludes volatile food and energy items and is watched more closely by the Fed, increased 0.3% for the fourth straight month. That kept the annual increase unchanged at 3.3% ...
On a year-over-year basis, food-at-home inflation rose 3.6%, a slower rate than the month prior. Overall, consumer prices were up by 3.2% in July over the prior year and 0.2% month over month.
Higher energy costs caused the inflation to rise further in 2022, [137] peaking at 9.1%, a high not seen since 1981. [1] The housing shortage has been cited as a major factor in inflation in the US, [ 47 ] [ 48 ] [ 49 ] with Katy O'Donnell of Politico arguing that housing shortages were the single biggest contributor to inflation. [ 50 ]
With inflation coming in as expected, stocks are regaining ground after two losing sessions this week. Wall Street will now watch for the latest producer price index to be released on Thursday.
Stocks fell for a second day this week as investors brace for Wednesday's CPI report. An inflation surprise could sway the Fed's interest rate decision next week. Google rose as much as 6% after ...