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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 ...
Waller also said he thought the Fed's short-term rate, which is at 5.4%, the highest in 22 years, is likely high enough to keep inflation headed down to the central bank's 2% target.
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 ...
Fed Chair Jerome Powell said Wednesday — when the central bank cut rates by a quarter point — that while there’s been “significant progress” on inflation, uncertainty also is growing.
They expect bumpy, uneven monthly inflation readings on the path to their 2% inflation target. That was a point that Williams returned to Thursday, echoing recent comments from Fed Chair Jay Powell.
The share of items increasing at 5% or more in July was only 18%, the lowest since 2020 and comparable to the long-term average of 17%. Calculations for August are not immediately available.
Rates are currently at a 23-year high following an aggressive campaign by the Fed to tame inflation and cool the economy. ... PCE was 2.8% in February, well above the Fed's target. The March ...
The Fed specifically focuses on long-run inflation expectations and Fed Chair Jerome Powell makes it a point to mention the state of Americans’ inflation perceptions at every news conference ...