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According to updated economic forecasts from the Fed's Summary of Economic Projections (SEP), the central bank sees core inflation hitting 2.5% next year, higher than its previous projection of 2. ...
"The money supply, by the way, is growing at 2.6% year-over-year, and that's below Hanke's golden growth rate of 6%, which is consistent with hitting a 2% inflation target," he told CNBC. "So ...
Core inflation has fallen to 3.9% from 5.6% at the beginning of last year. The Fed last raised rates in July, to a 22-year high. Read more: What the Fed rate-hike pause means for bank accounts ...
Inflation does not yet take into account the 54% jump to the energy price cap that came into effect on April 1. As inflation soars to another 30-year high, what can we expect next? Skip to main ...
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.
See today's average mortgage rates for a 30-year fixed ... year, 15-year terms in advance of key inflation readings. ... cuts to the federal funds rate at its next policy meeting on September 17 ...
Over the prior year, prices rose 2.7% in September, above Wall Street's expectations for 2.6% and in line with the 2.7% seen in August. On a yearly basis, overall PCE increased 2.1%, its slowest ...
Wall Street opened lower on Thursday as hotter-than-expected September inflation data reinforced expectations of a 25-basis-point rate hike by the Federal Reserve at its upcoming meeting. The Dow ...