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Inflation Rose in Oct., Raising Concerns for Fed Rate Cuts
Inflation Rose in October, Raising Concerns for Fed Rate Cuts
October's annual inflation rate ticked up for the first time in seven months, after more than two years of gradual cooling.
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Economists expect the Fed to announce another quarter-point rate cut in December, after a quarter-point reduction last week and half-point cut in September.
Wall Street edges higher after inflation data keeps Fed rate-cut hopes intact
The consumer price index rose 0.2% in October for the fourth straight month, and advanced 2.6% on an annual basis.
Are the Fed's Rate Cuts Over Now That Inflation Is Rising Again?
October's Consumer Price Index (CPI), which measures changes in the cost of consumer goods and services, showed that annual inflation rose by 2.6%. That's not an alarmingly high rate of inflation. It's also only a modest uptick from September's CPI reading, which measured annual inflation at 2.4%.
Marketplace
2d
Would changing the Fed’s inflation target help people afford homes?
The trick is finding inflation's sweet spot — too much or too little can lead to a lot of problems for the economy and ...
1d
on MSN
US inflation rate on 'strong trajectory' to Fed's 2% target, Boston Fed chief says
Boston Federal Reserve President Susan Collins said Friday that the US inflation rate is on a “strong trajectory” to reach ...
Reuters
4d
Fed officials wary of inflation risks as they weigh more rate cuts
Fed
policymakers on Wednesday held open the door to a go-slower approach, in the face of data showing the labor market ...
fingerlakes1
23h
Fed’s Collins optimistic as inflation nears 2% goal
Federal Reserve Bank of Boston President Susan Collins expressed confidence that inflation is on track to sustainably reach ...
4d
Inflation Ticks Up, as the Fed’s Victory Remains Incomplete
Inflation has cooled notably, but a pickup in annual price increases underscores that it is not fully back to normal.
1d
on MSN
US Inflation on Strong Trajectory to 2% Goal, Fed’s Collins Says
Federal Reserve Bank of Boston President Susan Collins said she sees inflation heading back to the central bank’s 2% goal ...
2d
Richmond Fed’s Barkin expects inflation will fall into next year, hints at slowing rate-cut pace
Richmond Fed president Tom Barkin said Friday that he expects inflation will continue to drop into next year and hinted at ...
USA Today
4d
Inflation ticked up in October, CPI report shows. What happens next with interest rates?
But prices spiked in the pandemic, and the annual
inflation
rate reached a 40-year high of 9.1% in mid-2022. The
Fed
stepped in, raising interest rates dramatically in 2022 and 2023 to cool the ...
Florida Politics
5h
FAU report shows despite easing inflation, consumer prices will remain high
When excluding volatile commodities such as food and energy prices, core inflation remains elevated, according to the FAU ...
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