A dual win for consumers: Inflation cooled last month, paving way …
WEB2 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.
The Fed’s Preferred Inflation Gauge Cooled in August
WEB2 days ago — Cheriss May for The New York Times. By Jeanna Smialek. Sept. 27, 2024, 8:43 a.m. ET. Inflation cooled in August, the latest sign of progress in the Federal Reserve’s yearslong fight to bring ...
Fed's favored inflation gauge shows cooling price pressures, …
WEB2 days ago — WASHINGTON (AP) — The Federal Reserve’s preferred inflation measure on Friday provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts this year and next.. Prices rose just 0.1% from July to August, the Commerce Department said, down from the previous month’s 0.2% increase.. Compared with a year earlier, inflation fell to 2 ...
Fed’s preferred inflation measure falls more than expected to 2.2%
WEB2 days ago — The Federal Reserve’s preferred measure of US inflation dropped by more than expected to 2.2 per cent in the year to August, paving the way for the central bank to cut interest rates again in ...
Key Fed inflation gauge at 2.2% in August, lower than expected
WEB2 days ago — Data as of Sept. 27, 2024. Excluding food and energy, core PCE rose 0.1% in August and was up 2.7% from a year ago, the 12-month number 0.1 percentage point higher than July. Fed officials tend to ...
Fed’s favored inflation gauge shows cooling price pressures ... - PBS
WEB2 days ago — Compared with a year earlier, inflation fell to 2.2%, down from 2.5% in July and barely above the Fed’s 2% inflation target. The cooling of inflation might be eroding former President Donald ...
Fed official says US interest rates should not be cut too fast | AP News
WEB2 days ago — Barkin said he sees the Fed cutting borrowing costs in two phases, beginning with a “recalibration” because rates are higher than needed given the drop in inflation in the past two years. Inflation has fallen sharply from a peak of 7% in 2022, according to the Fed’s preferred gauge, to about 2.2% in August.
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 …
Federal Reserve News Fed Takes Aggressive Action in Inflation …
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...
Federal Reserve News Fed Raises Rates at a Slower Pace: Live …
WEBDec 14, 2022 — The forecasts showed that Fed officials expect inflation to remain higher for longer than they thought a few months ago. They now expect consumer prices to rise 3.1 percent next year and 2.5 ...