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Consumer prices rose 0.5% from December — the fastest pace since August 2023 — resulting in an annual inflation rate of 3% for ... but today the news for [Federal Reserve] officials is all bad ...
Inflation slowed through much of last year – falling as low as 2.4% from a 40-year high of 9.1% in mid-2022 – but it has remained stubbornly high since fall.
Annual inflation rose again in March to 3.5% as rent kept drifting higher. Core prices, which exclude food and energy, stayed high. Inflation came in hot at 3.5% in March, CPI report shows.
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased. Inflation rose to 5-month high in December.
Mortgage rates, which are strongly influenced by the yield on the 10-year Treasury note, rose for the fourth consecutive week to 6.9%, far above the pandemic-era lows of below 3%.
America’s inflation continued to slow in September, reaching a fresh three-and-a-half-year low and coming in at a pace that’s similar to what was seen in 2017 and 2018, according to data ...
Notable callouts from the inflation print include the shelter index, which rose 4.6% on an unadjusted annual basis, slightly lower than November's 4.7% uptick and the smallest 12-month increase ...
The Fed hiked interest rates to a 23-year high of 5.25% to 5.5% to fight a historic inflation surge. After holding rates at that level through parts of 2023 and 2024, the Fed began lowering its ...