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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 ...
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 ...
Highlights of the latest statistics on inflation. Overall inflation in March 2024: 3.5%, up from 3.2% in February Core prices (excluding food and energy): 3.8%, no improvement from last month’s ...
The firm detailed five reasons why inflation risks must still be monitored: First, initial interest-rate cuts have been more broader and deeper than expected on a global basis.
So far this year, inflation has moderated but remains stubbornly above the Federal Reserve's 2% target on an annual basis, pressured by hotter-than-expected readings on monthly "core" price ...
Those cuts lowered the central bank’s key rate to 4.6%, down from a four-decade high of 5.3%. Though inflation is now way below its peak of 9.1% in June 2022, average prices are still about 20% ...
However, the United States is still a long way from the Federal Reserve’s long-term goal of 2% annual inflation, and the bad news is that high prices for many goods and services are likely to ...
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 ...