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Richmond Fed president Tom Barkin said Friday that he expects inflation will continue to drop into next year — stickier inflation data aside — and hinted at slowing down the pace of rate cuts.
A faster-than-expected inflation rate for January spooked the stock market on Wednesday, with rising costs for food, shelter, and energy all combining to push inflation up to 3% for the year. Core ...
The fall to 10.1% last month from 10.5% in December shows a further gradual easing from the 41-year high of 11.1% recorded last October.
Other notable call-outs from the inflation print include the shelter index, which rose 6.5% on an unadjusted annual basis to account for nearly 70% of the total increase in core inflation.
Headline inflation is expected to have risen slightly in November to 2.7% from 2.6% in October. Wall St indexes fall with inflation data and rates in focus Skip to main content
An August 2024 survey of inflation expectations showed consumers predicting 2.3% average inflation over the next three years, the lowest figure since the survey was created in 2013. [186] Following Trump's tariff threats, long-term inflation expectations rose to 3.3 percent in January 2025 from 3.0 percent in December, the highest level since ...
The US president reacted to the release of the data showing headline consumer prices rose more than forecast by posting "BIDEN INFLATION UP!" on Truth Social. ... this fall or even next winter ...
Consumer prices rose at the slowest pace since April 2021 as inflation showed further signs of cooling in May, according to the latest data from the Bureau of Labor Statistics released Tuesday ...