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Economists are keeping a close eye on inflation and labor reports amid speculation as to timing of future cuts to the Fed rate, with inflation data indicating a continued decline from a peak of 9. ...
CPI Trends chart by author. Data source: Federal Reserve Economic Data. * = seasonally adjusted numbers. What the data means. The CPI shows that inflation is falling and inching toward the Fed's 2 ...
For the first time in four years, the Federal Reserve's benchmark, short-term rate was scaled back by a half percentage point.The previous 23-year high remained stagnant since July 2023 until ...
Announced biggest rate hike since 1994 to continue combat inflation. George dissented, preferring a 50-basis-point upward adjustment to the policy rate. Official statement: May 4, 2022 0.75%–1.00% 1.00% 9–0 Announced biggest rate hike since May 2000 to combat inflation. Official statement: March 16, 2022 0.25%–0.50% 0.50% 8–1
Core PCE has typically been the Fed's preferred inflation gauge, and has flattened in recent months above the Fed's target. The measure's November reading showed prices increased 2.4% annually and ...
Price check. A fresh update on inflation will come next week with the release of the Consumer Price Index (CPI) for December. Wall Street economists expect headline inflation was at 2.9% annually ...
Cutting the policy rate, currently set in the 4.50%-4.75% range, too far could buoy demand, stretch the economy's ability to fulfill it, and raise inflation. WAGES OFFSET BY PRODUCTIVITY
The Fed is expected to leave interest rates at a 23-year high at its upcoming gathering but open the door to an interest rate cut by its next meeting in September.