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"With inflation coming broadly in line with expectations, the pressure is off." "Tomorrow is likely to be the first FOMC meeting since March 2022 without a policy rate hike.
On a monthly basis, the CPI jumped 0.3%, accelerating from October's 0.2% gain and matching expectations of a 0.3% rise, official data released Wednesday shows.
Thursday's release is the final look at inflation before the Fed's next policy decision on Nov. 7. Key Fed inflation gauge shows price increases match expectations in September [Video] Skip to ...
Monthly inflation readings of 0.2% over time are necessary to bring inflation back to target. U.S. Treasury prices rose, with the yield on the benchmark 10-year note backing away from a five-month ...
Inflation has remained above the Federal Reserve's 2% target on an annual basis. But recent economic data, including a sell-off-inducing July jobs report, has helped fuel a narrative the central ...
After May's robust jobs report and with expectations for a stubborn inflation print on Tuesday, UBS economist Jonathan Pingle expects an interest rate hike from the Fed in July and rate cuts ...
A significant factor driving ongoing inflation has been overall labor force participation having shrunk dramatically, from a high of 63.3% in the winter of 2019-2020 to the current level of 62.5%.
Expectations for long-run inflation did tick higher, though, rising to 3.1% from 3% the month prior. The overall consumer sentiment index popped to a reading of 73, up from 71 in October.