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 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 …
CPI rose 2.7% in November from a year ago as Fed struggles ... - CBS News
Dec 11, 2024 · Inflation rose 2.7% on an annual basis in November, according to the latest government report on the Consumer Price Index, or CPI. Last month's CPI was forecast to come in at 2.7%, according to...
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. What to...
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.
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.
The Fed cuts key rate by half-point, signaling end to its inflation ...
Sep 19, 2024 · The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for consumers.
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.
Inflation Ticks Up, but Details Are Encouraging for the Fed
Dec 11, 2024 · Fresh inflation data released on Wednesday made clear that the Federal Reserve’s fight against rapid price increases was not over. Still, the details of the report probably gave central bank...
Will inflation surge? Fed has concerns - The Week
2 days ago · Federal Reserve officials fear Trump's forthcoming policies will "stoke inflation," Axios said. That's why (according to minutes from the Fed's December meeting) they have plans in place to keep ...