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PCE inflation increased year over year by 2.4% in November. The PCE data for December will be released on Jan. 31. The Fed cut interest rates by a quarter-point in December. According to the ...
In fact, the Fed’s December meeting minutes showed officials believed inflation could take longer than anticipated to reach their 2% goal, citing stickier-than-expected inflation data since past ...
According to updated economic forecasts from the Fed's Summary of Economic Projections (SEP), the central bank sees core inflation peaking at 2.5% next year, higher than September's projection of ...
The Fed's preferred inflation gauge — "core" PCE — showed prices rose 0.3% over the prior month in September, the most in four months, while annual price increases slowed modestly to 3.7% from ...
The move, the Fed's third rate cut of the year, reduces the central bank’s target rate to between 4.25% and 4.5%. In its statement announcing the cut, the Fed now projects just two interest rate ...
The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 2.6% over the prior year in October, a slight uptickfrom September's 2.4% annual gain in ...
US inflation has cooled substantially this year, but has been moving sideways in recent months, prompting the Federal Reserve to take a more cautious approach to rate cuts in the coming year.
The unemployment rate has risen modestly since the Fed began aggressively raising rates in March of 2022, but at 4.2% remains below the national long-run average and right at the level the median ...