Powell says Fed will likely cut rates ... - Associated Press News
1 day ago · WASHINGTON (AP) — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next.. Powell, speaking in Dallas, said that inflation is edging closer …
U.S. inflation rose 2.6% in October, a month after the ... - CBS News
2 days ago · Inflation ticks up for first time since March 02:00. U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest ...
Inflation Ticks Up Slightly - The New York Times
2 days ago · The Consumer Price Index rose 2.6 percent in the year through October, a sign that inflation remains stubborn. The report serves as a reminder that the Federal Reserve still has work to do. 10 ...
CPI report updates: Inflation rises slightly | AP News
3 days ago · Over the long run, core inflation at that pace would exceed the Federal Reserve’s 2% target. Most economists, though, think inflation will eventually resume its slowdown. Consumer inflation, which peaked at 9.1% in 2022, has since fallen steadily, though overall prices are still about 20% higher than they were three years ago.
Federal Reserve issues FOMC statement
Nov 7, 2024 · The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. ... Inflation has made progress toward the Committee's 2 percent objective but remains somewhat elevated. ... About the Fed; News & Events; Monetary Policy; Supervision & Regulation; Financial ...
The Fed cuts key rate by half-point, signaling end to its inflation ...
Sep 19, 2024 · Inflation has tumbled from a peak of 9.1% in mid-2022 to a three-year low of 2.5% in August, not far above the Fed’s 2% target. The Fed’s policymakers also signaled that they expect to cut their key rate by an additional half-point in their final two meetings this year, in November and December.
Inflation Falls Below 3% for First Time Since 2021
Aug 14, 2024 · Consumer prices rose 2.9 percent in the year through July, a downtick from the prior month. The report keeps the Federal Reserve firmly on track to cut interest rates next month.
CPI report shows inflation ticked up in October. How will Fed …
2 days ago · Inflation had barely registered on America's radar in recent years. But prices spiked in the pandemic, and the annual inflation rate reached a 40-year high of 9.1% in mid-2022.
Inflation Ticks Up, as the Fed’s Victory Remains Incomplete
2 days ago · Still, for the Federal Reserve, the report serves as a reminder that inflation has cooled significantly from its 9.1 percent peak in 2022, but is not yet completely stamped out.
Fed officials wary of inflation risks as they weigh more rate cuts
2 days ago · Analysts saw the latest inflation data as no barrier to a rate cut in December, particularly because some of the strength in prices came from housing inflation, which Fed officials, pointing to a ...