Search results
Results from the WOW.Com Content Network
The inflation data set will be a critical economic indicator ahead of the Federal Reserve's monetary policy decision on Wednesday. It's the last piece of data following a strong May jobs report ...
That's because the government's latest snapshot of U.S. inflation will be released Wednesday morning, just before the Fed begins the second day of its policy discussions.
The first test for whether that path will continue is set for release on Thursday morning with the June CPI report. Wall Street economists expect headline inflation rose just 3.1% annually in June ...
Federal Chair Jerome Powell said that a new inflation report released Friday is 'along the lines of what we want to see,' sticking to an assertion that inflation is still on a 'bumpy path' down to 2%.
Blame COVID. Or the economic gyrations that followed the public health crisis. “The story is still just we’re unwinding from these large shocks that the economy got in 2021 and 2022," Powell said.
Getting inflation down to 2% remains the Fed's key objective. But it also seems to be anticipating possible ways the cure might become another poison — and making sure it doesn't happen.
The CPI report notably flashed an unexpected rise of "core" month-over-month inflation, which experts attributed to service costs building up over years and stubborn housing prices.
Donald Trump on Wednesday morning dismissed a hotter-than-expected inflation report as 'Biden inflation' after making another call to lower interest rates.