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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.
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%.
After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts.
The latest inflation report is likely to cement a 0.25% cut in the Federal Reserve's key interest rate, currently at about 5.3%, later this month. ... In a note last week, Torsten Slok, partner ...
“Today’s inflation data cemented in a [25] basis point cut next week. [50] basis points is out the window,” said Gina Bolvin, president of Bolvin Wealth Management Group. “The job market ...
After three hot inflation reports helped push back the timing of the Federal Reserve’s long-anticipated interest rate cuts in the first quarter, investors were hoping to see signs of cooling ...
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.
Inflation is still a thing. Prices were 2.6% higher in October than a year earlier, according to the latest Consumer Price Index, released Wednesday. That's a much lower inflation rate than ...