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Inflation rates have dramatically fallen since they topped 9% in June 2022. The current annual inflation rate is 2.5%, the lowest it's been since February 2021. That's a significant drop; however,...
Cook said Monday that inflation readings can be volatile month to month and that the process of bringing inflation back down to the Fed’s 2% goal could still be a "bumpy" one.
Collins said she expects to see more evidence inflation is "durably, if unevenly" coming back down to 2% while the demand and supply come back into better balance in the economy amid a strong job ...
If things really get bad (let's say inflation back above 3%), inflation could take a fairly sizeable five-figure bite out of your purchasing power in just a year.
Primarily driven by supply chain bottlenecks, inflation is a threat to the health of the economy, but the rise in prices has been good for some.
The Fed’s favorite inflation gauge—the core personal consumption expenditures (PCE) price index, which excludes more volatile food and energy prices—rose 2.8% from a year ago in March. That ...
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 ...
In 2022, the US saw inflation spike to levels not seen in four decades, and the Federal Reserve was in the throes of a historic rate-hiking campaign to cool it back down.