Search results
Results from the WOW.Com Content Network
Shelter moderates, food remains sticky. Notable callouts from the inflation print include the shelter index, which rose 4.7% on an unadjusted, annual basis, lower than October's 4.9% increase.
Friday's data did contain one sign of still-persistent inflation: Year-over-year inflation edged up to 2.4% in November from 2.3% in October and above the Fed’s 2% inflation target.
The latest inflation data takes a 50 basis point rate cut off the table. “Today’s inflation data cemented in a [25] basis point cut next week. [50] basis points is out the window,” said Gina ...
The Fed cut interest rates in September for the first time since 2020 and after the central bank hiked borrowing costs to a two-decade high to fight the post-pandemic inflation surge.
As the most widely used measure of inflation, the CPI is an indicator of the effectiveness of government fiscal and monetary policy, especially for inflation-targeting monetary policy by the Federal Reserve. Now however, the Federal Reserve System targets the personal consumption expenditures (PCE) price index instead of CPI as a measure of ...
The Federal Reserve’s go-to inflation gauge held at 2.5% in July, Commerce Department data showed Friday. That’s better than anticipated and shows progress — but still underscores the bumpy ...
World map by inflation rate (consumer prices), 2023, according to World Bank This is the list of countries by inflation rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Inflation rate is defined as the annual percent change in consumer prices compared with the previous year's consumer prices. Inflation is a positive value ...
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.