Search results
Results from the WOW.Com Content Network
T he annual inflation rate has cooled, new data from the U.S. Bureau of Labor Statistics revealed on Wednesday.. The July consumer-price index shows an annual inflation rate of 2.9%, slightly ...
At the same time, the personal consumption expenditures price index, the Fed’s key measure in determining inflation pressures, moved up to 2.7% in March when including all items, and held at 2.8 ...
Excluding volatile food and energy costs, so-called core prices increased 3.3%, the same as in the previous month. Measured month to month, prices climbed 0.3% from October to November, the ...
In 2022 and 2023, the central bank hiked its key rate from near zero to a range of 5.25% to 5.5% to wrestle down a pandemic-related price spike that propelled annual inflation to a 40-year high of ...
There’s a problem with inflation. It just refuses to go that “last mile” down to 2%, the magic percentage targeted by the Federal Reserve.Economists have widely agreed on one culprit: high ...
For the 12 months ending in January, inflation amounted to 7.5% — the fastest year-over-year pace since 1982 — the Labor Department said Thursday. Consumers felt the price squeeze in everyday ...
While supply chain problems and high demand may have helped spur inflation early in the pandemic, Rosolino believes there’s another key reason why prices have soared and remained high: Corporate ...
Primarily driven by supply chain bottlenecks, inflation is a threat to the health of the economy, but the rise in prices has been good for some.