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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. ...
Attention now turns to the Personal Consumption Expenditure report, the central bank's preferred inflation gauge, due at 10 a.m. ET. Economists polled by Reuters expect prices to increase by 2.3% ...
(Reuters) -Wall Street's main indexes were little changed in choppy trading on Tuesday, as investor focus remained on a key inflation report due later this week that could influence the Federal ...
U.S. stocks plunged Thursday as angst grew on Wall Street over key inflation data due out Friday. The S&P 500 tumbled 2.4%, and the Dow Jones Industrial Average shed 640 points, or 1.9%.
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 ...
Wells Fargo said there’s little reason to ease policy in the near term due to stubborn inflation and resilient economic activity. QT tapering is anticipated in May, with Treasury caps set at $30 ...
Wall Street was set for a higher open on Tuesday ahead of key inflation data later this week that could firm up bets on the size of the interest rate cut that the Federal Reserve is expected to ...
The Federal Reserve's latest inflation forecast published in September said core PCE — the central bank's preferred inflation reading — will likely finish next year at 2.6%, down from 3.7% at ...