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The elevated inflation concerns help explain why Fed officials in December reduced their estimate of 2025 rate cuts to two from a previous estimate of four. Federal Reserve Chair Jerome Powell in ...
Headline inflation accelerated as expected in December, while core inflation, which strips out more volatile food and energy prices, rose 3.2% year over year, according to the Bureau of Labor ...
Inflation concerns took a back seat in recent months as the central bank shifted focus toward what appeared to be a deteriorating labor picture. But with September's jobs report crushing ...
Year-ahead inflation expectations hit 3.5% in Friday's report, up from 3.2% in the month prior. Longer-run inflation expectations rose to 3.1%, up from 3% the month prior.
The biggest concern driving markets is that inflation doesn't continue its downward trend toward the Federal Reserve's 2% target. Two key readings will greet investors in the week ahead on that front.
Fed officials in December reduced their estimate of 2025 rate cuts to two from a previous estimate of four, based in part on elevated inflation concerns.
Fed governor Michelle Bowman said she supported a December rate cut as the "last step" in the central bank's "policy recalibration," becoming the latest Fed official to urge caution about the path ...
Consumer inflation has dropped from a year-over-year peak of 9.1% in June 2022 to 3.7% last month. But recent data suggests that inflation remains persistently above the Fed’s 2% target.