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"The May report includes good news for both bulls and bears, with headline inflation slowing down to 4.0% on a year earlier basis in May while core prices remained strong, at 5.3% during the same ...
At his news conference, Powell will likely reiterate that Fed officials need more confidence that inflation is returning to 2% before they would consider rate cuts, and that this will likely take ...
Kashkari’s remarks come ahead of the October inflation report slated for release Wednesday at 8:30 a.m. ET. Economists predict headline inflation could tick up from 2.4% to 2.6% year-over-year ...
Ten-year "breakeven" inflation views embedded in inflation-protected Treasury securities fell to within a whisker of the Fed's 2.0% inflation target last week - their lowest since early 2021.
Economists expect annual inflation according to the Fed's preferred inflation gauge — "core" PCE — clocked in at 3.5% in October. Over the prior month, economists expect "core" PCE rose 0.2%.
The biggest implication of the latest inflation news is that the Federal Reserve is done hiking interest rates after rapidly jacking up short-term rates by 5.25 percentage points since March of 2022.
And though these figures come from a different data set, Friday’s jobs report showed wage gains continued to impress, rising 0.6% over the prior month in January and 4.5% over last year. And ...
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.