Key Fed inflation gauge at 2.2% in August, lower than expected
WEB3 days ago · The PCE price index, a measure the Fed focuses on to measure the cost of goods and services in the U.S. economy, rose 0.1% for the month, putting the 12-month inflation rate at 2.2%. Excluding ...
The Fed’s Preferred Inflation Gauge Cooled in August
WEB3 days ago · Sept. 27, 2024. Inflation cooled in August, the latest sign of progress in the Federal Reserve’s yearslong fight to bring rapid price increases back under control. The Personal Consumption ...
A dual win for consumers: Inflation cooled last month, paving way …
WEB3 days ago · Americans and Federal Reserve officials have news to celebrate: Inflation cooled significantly last month, likely giving central bankers more confidence to continue cutting interest rates.
Fed official says US interest rates should not be cut too fast | AP …
WEB3 days ago · A Federal Reserve official says he supports reducing the central bank’s key interest rate somewhat from its current level.
Fed's favored inflation gauge shows cooling price pressures, …
WEB3 days ago · The Federal Reserve’s preferred inflation measure provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts.
US inflation reaches 3-year low as Fed prepares to cut interest …
WEBSep 11, 2024 · The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates and likely shaping the …
Fed’s Powell is unfazed by the latest hot inflation reading - CNN
WEBMay 14, 2024 · Most Fed officials share Powell’s concerns that inflation could prove to be more persistent than anticipated, making it more challenging to achieve the central bank’s 2% target.
Federal Reserve News Fed Raises Rates at a Slower Pace: Live …
WEBDec 14, 2022 · Officials at the Federal Reserve raised interest rates half a percentage point on Wednesday, setting their policy rate at a range of 4.25 to 4.5 percent, the highest it has been since 2007....
Federal Reserve News Fed Takes Aggressive Action in Inflation Fight
WEBJun 15, 2022 · The Federal Reserve took its most aggressive step yet to try to tame rapid and persistent inflation, raising interest rates by three-quarters of a percentage point on Wednesday and signaling...
Fed gets heartening inflation data, but slow road ahead
WEBJune 28 (Reuters) - U.S. Federal Reserve officials got encouraging data on Friday suggesting inflation is cooling, news that helped ease doubts over how well monetary policy is doing its job...