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Federal Reserve Chair Jerome Powell speaks during a news conference following an FOMC meeting on July 26 in Washington, D.C. Thursday's inflation data will be key for the Fed's economic policy.
Economists are keeping a close eye on inflation and labor reports amid speculation as to timing of future cuts to the Fed rate, with inflation data indicating a continued decline from a peak of 9. ...
Inflation (Consumer price index, or CPI): up 2.4% from a year ago, a slight slowdown from 2.5% during the Fed’s last meeting CPI, excluding food and energy: 3.3%, up from 3.2%
Excluding food and energy, the past six months of inflation would put so-called “core” prices on pace for a 4.12 percent annual rate, higher than it’s current 3.8 percent level.
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Stocks wobbled before a key inflation report. November CPI data comes ahead of the Fed's final meeting of 2024, with markets eyeing another rate cut. Stock market today: Indexes slip as investors ...
In November, inflation was just 2.4%, according to the Fed’s preferred measure, not far from its 2% target. But excluding the volatile food and energy categories, core prices rose a more painful ...
This article originally appeared on USA TODAY: CPI report shows inflation rose to 5-month high in December. Show comments. Advertisement. Advertisement. In Other News. Entertainment. Entertainment.