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An inflation report in the coming week will test the strength of the record-setting U.S. stocks rally and provide a crucial piece of data that could factor into the Federal Reserve's plans for ...
With the Federal Reserve's preferred inflation measure dropping to 2.1% last month, just shy of the Fed's 2% goal, the central bank is easing off the brakes it applied when inflation hit a 40-year ...
The latest reading of the Federal Reserve's preferred inflation gauge showed price increases fell month over month in November but still remained sticky as the central bank fights to bring ...
Core inflation, which excludes volatile items like food and energy, remained stubbornly high at 3.3% year-over-year, in line with forecasts and consistent with the previous two months.
ICYMI: Annual inflation, as measured by the Consumer Price Index, slowed to 3% last month — the slowest rate in more than two years and the 12th consecutive month of declines.
Inflation in New Zealand exceeded forecasts in July 2022, reaching 7.3%, which is the highest since 1990. [232] Economists at ANZ reportedly said they expected faster interest rate increases to counteract inflationary pressures. [233] In Fiji, inflation rose to 4.7% in April 2022 compared to –2.4% in 2021. [234]
The stubborn inflation data raised several ominous specters, namely that the Fed may have to keep rates elevated for longer than it or financial markets would like, threatening the hoped-for soft ...
Wall Street opened lower on Thursday as hotter-than-expected September inflation data reinforced expectations of a 25-basis-point rate hike by the Federal Reserve at its upcoming meeting. The Dow ...