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The inflation surge and aggressive Federal Reserve response caused widespread concern among economists and market analysts that a U.S. recession would imminently result. As the Federal Reserve sharply increased the fed funds rate to combat the inflation surge, the longest and deepest Treasury inverted yield curve in history began in July 2022.
Friday's data did contain one sign of still-persistent inflation: Year-over-year inflation edged up to 2.4% in November from 2.3% in October and above the Fed’s 2% inflation target.
The Fed's preferred inflation measure for November, the PCE index, came in below Wall Street estimates. However, it remains above where policymakers want it to be suggesting prices are still ...
The printfollows sticky inflation readings from other November datasets. Earlier this month, the core Consumer Price Index (CPI), which strips out the more volatile costs of food and gas, saw ...
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 ...
The Personal Consumption Expenditures price index rose 2.4% in ... “The economy’s momentum and recent elevated inflation readings caused me to revise up my inflation forecast for next year ...
The inflation rate is most widely calculated by determining the movement or change in a price index, typically the consumer price index. [48] The inflation rate is the percentage change of a price index over time. The Retail Prices Index is also a measure of inflation that is commonly used in the United Kingdom. It is broader than the CPI and ...
Also, while the CPI is the most widely used barometer of inflation, the Fed’s preferred gauge for its 2% target is the Personal Consumption Expenditures price index, which slowed to 2.5% in June ...