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Richmond Fed president Tom Barkin said Friday that he expects inflation will continue to drop into next year — stickier inflation data aside — and hinted at slowing down the pace of rate cuts.
Bank of America Securities US economist Stephen Juneau wrote in a research note that a print in line with expectations will "certainly lead Fed participants to reassess their inflation and policy ...
The S&P 500 sunk 2.9%. Among the key signals from the Fed include a higher terminal interest rate projection of 3% rather than 2.875%, and an increased inflation forecast of 2.5% next year. Both ...
Deutsche Bank chief US economist Matthew Luzzetti wrote in a note to clients that Thursday's release shows inflation "continues to show bumpy progress" toward the Fed's 2% goal.
The Federal Reserve’s preferred inflation gauge moved slightly higher in November — but not as much as economists were expecting, an indication that price hikes aren’t accelerating in a ...
Federal Reserve Bank of Richmond President Thomas Barkin. ... The US economy grew at a 5.2% annualized pace in the third quarter, revised up from the 4.9% reported in the advance estimate a month ...
Inflation rose 2.7% on an annual basis in November, according to the latest government report on the Consumer Price Index, or CPI.. Last month's CPI was forecast to come in at 2.7%, according to ...
Core prices rose 3.3% over last year, marking an uptick from the 3.2% seen in December, which was the first time since July that year-over-year core CPI showed a deceleration in price growth.