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Core inflation, which excludes volatile food and energy items and is watched more closely by the Federal Reserve because it reflects more sustainable trends, increased a modest 0.2% following four ...
Consumer prices rose at the slowest pace since April 2021 as inflation showed further signs of cooling in May, according to the latest data from the Bureau of Labor Statistics released Tuesday ...
Inflation has slowed significantly since topping out at 9.1% in June 2022. However, the return to more typical rates of inflation was expected to be highly bumpy, and that choppiness was on full ...
Markets brace for Bank of England rate hike of 0.5 per cent, as cost of government borrowing also hits new 15-year high
Above-average inflation is now being driven entirely by the service sector, where inflation is still uncomfortably high at 5.3%. Even there, anomalies are much of the story.
During the COVID-19 lockdown, demand shifts during the pandemic towards many home-related goods outpaced supply, contributing to inflation. [30] [31] Demand for groceries has continued to be high after the pandemic as people's habits have changed, which is one of the factors pushing up grocery prices into 2024. [32]
While inflation has moderated considerably since then, November's Consumer Price Index rose 2.7%, outpacing the Fed's goal of driving down inflation to a 2% annual rate.
An inflation report in the coming week will test the strength of the record-setting U.S. stocks rally and provide a crucial piece of data that could factor into the Federal Reserve's plans for ...