US producer prices rose 0.2% last month on higher energy costs
11 hours ago · Inflation came down from the four-decade highs it reached in mid-2022, giving the Fed enough confidence to reverse course and cut rates three times in 2024. But the progress on inflation has stalled in recent months, and year-over-year increases in consumer prices remain above the central bank’s 2% target.
Federal Reserve officials at December meeting ... - Associated Press News
6 days ago · WASHINGTON (AP) — Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes.. Minutes from the meeting, released after the typical three-week lag, also showed clear division among the …
Inflation increased in November, complicating Fed's next ... - ABC News
Dec 11, 2024 · The inflation gauge makes up the last piece of significant economic data before the Fed announces its next interest rate decision on Dec. 18. Core inflation -- a closely watched measure that ...
Federal Reserve issues FOMC statement
Nov 7, 2024 · Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has made progress toward the Committee's 2 percent objective but remains somewhat elevated.
Inflation Ticks Up Slightly Ahead of Fed Meeting
Dec 11, 2024 · Consumer prices rose 2.7 percent in the year through November, a slightly hotter rate than the previous month. The Federal Reserve is considering whether to cut interest rates next week.
Inflation Ticks Up, but Details Are Encouraging for the Fed
Dec 11, 2024 · While inflation is much cooler than the 9.1 percent peak it reached in 2022, it remains above the Fed’s goal. Central bankers aim for 2 percent inflation, a target they define using a different ...
US inflation reaches 3-year low as Fed prepares to cut interest …
Sep 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 economic debate in the final weeks of the presidential race.
Inflation Remains Subdued, as Fed Preps Rate Cut
Sep 11, 2024 · Federal Reserve officials are widely expected to make their first interest rate cut in more than four years next week, and the fresh inflation reading — which was the coolest in more than three...
US Consumers See Stickier Inflation Ahead, NY Fed Survey Shows
1 day ago · Expected inflation three years ahead rose to 3% in December from 2.6% the month before, according to results of the New York Fed’s Survey of Consumer Expectations published Monday.
Waller reiterates need for more rate cuts as inflation cools - The Hill
6 days ago · Federal Reserve Governor Christopher Waller doubled down on more rate cuts and cooling inflation following higher price projections from the central bank and growing expectations among investors th…