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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.
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,...
After a hot December jobs report pared back investor's hopes for interest rate cuts in 2025, two key inflation readings will add to the discussion in the week ahead.
The latest release shows a mild uptick from November to December and three months in a row of inflation ticking up instead of heading back down toward the Fed’s goal of 2%. The inflation rate ...
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 ...
The price of rent, food, gas and just about everything else climbed in February as the Consumer Price Index (CPI) jumped by 7.9% over the last year. That's nearly four times the Fed's target rate ...
Core inflation, which strips out the direct impact of volatile energy and food prices is now at a four-year low, having dropped to 3.2% in December from 3.5%. Services inflation is at a two-year ...
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 ...