Fed's preferred inflation gauge rises to 2.3% annually, meeting expectations
Inflation edged higher in October as the Federal Reserve is looking for clues on how much it should lower interest rates, the Commerce Department reported Wednesday.
The Fed's Preferred Inflation Measure Remains Stubbornly High
Fed officials had been hoping this fall for a clean downtrend in inflation, allowing them to focus more fully on preventing an economic downturn. The data hasn't cooperated. Over the 12 months through October,
Fed’s Favored Inflation Gauge Picks Up, Backs Cautious Approach
The Federal Reserve’s preferred measure of underlying inflation accelerated in October from a year ago, helping explain policymakers’ more cautious approach to lowering interest rates.
Inflation Proved Stubborn in October, Fed’s Preferred Metric Shows
The Federal Reserve’s preferred inflation measure remained above the central bank’s 2% target pace in the year through October, as progress on slowing price growth appears to have stalled in late 2024.
US Inflation Gauge Ticks Higher With Price Pressures Still Stubborn
Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled
US consumer spending rises solidly, inflation appears stuck above Fed target
U.S. consumer spending increased slightly more than expected in October, suggesting the economy retained much of its solid growth momentum early in the fourth quarter, but progress on lowering inflation appears to have stalled in recent months.
Fed's favored inflation gauge showed price growth picked up in October
The Commerce Department released data showing that PCE inflation ticked higher in October, though the Federal Reserve's preferred inflation gauge remained near last month's level.
Gold falls on dollar strength, inflation data sparks caution on Fed rate cuts
Gold prices slipped on Thursday as the U.S. dollar strengthened, while investors assessed a flurry of economic data showing ...
Fed minutes may show start of debate over how far to go on rate cuts
Powell just a week after the meeting said the economy was "not sending any signals that we need to be in a hurry to lower ...
Fed Leaning Toward ‘Gradual’ Future Interest Rate Cuts
The Fed has lowered interest rates by a total of 75 basis points over its last two meetings, but further rate cuts may be ...
Fed cites volatility, uncertainty as reasons to go slow on rate cuts
Federal Reserve officials appeared divided at their meeting earlier this month over how much farther they may need to cut ...
Fed officials see interest rate cuts ahead, but only ‘gradually,' meeting minutes show
Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further ...
Stock market today: S&P 500, Nasdaq slide after key Fed inflation gauge shows faltering progress
JPMorgan's global equity strategy team led by Dubravko Lakos-Bujas sees the S&P 500 ( ^GSPC) hitting 6,500 by the end of 2025 ...
Fed's Goolsbee makes case for lower interest rates
Chicago Federal Reserve President Austan Goolsbee said the neutral rate is "well below" where it is right now, and ...
Fed's Kashkari: Interest-rate cut in December is 'reasonable'
Federal Reserve Bank of Minneapolis President Neel Kashkari, typically on the hawkish end of the U.S. central bank's policy ...