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The elevated inflation concerns help explain why Fed officials in December reduced their estimate of 2025 rate cuts to two from a previous estimate of four. ... Inflation could show new signs of ...
Inflation concerns took a back seat in recent months as the central bank shifted focus toward what appeared to be a deteriorating labor picture. But with September's jobs report crushing ...
Fed officials in December reduced their estimate of 2025 rate cuts to two from a previous estimate of four, based in part on elevated inflation concerns.
Consumer inflation has dropped from a year-over-year peak of 9.1% in June 2022 to 3.7% last month. But recent data suggests that inflation remains persistently above the Fed’s 2% target.
Fed governor Michelle Bowman said she supported a December rate cut as the "last step" in the central bank's "policy recalibration," becoming the latest Fed official to urge caution about the path ...
The University of Michigan's survey showed consumers' one-year inflation expectations jumped to 3.3% in January, the highest level since May, from 2.8% in December.
“But inflation concerns have jumped significantly.” A customer shops at a Target store on May 20, 2024 in Miami, Florida. Target announced plans to cut prices on thousands of consumer basics ...
Economists expect the data to show prices rose 2.7% on a year-ver-year basis, ... Inflation concerns are rising, with price increases surprising more to the upside in recent months, according to ...