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.
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 ...
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 ...
Inflation falls to its lowest level in more than 3 years. Here’s what ...
WEBSep 11, 2024 · Inflation fell to its lowest level in 3-and-a-half years in August, clearing the way for the Federal Reserve to start cutting interest rates next week. Consumer prices in August were up 2.5% from...
Fed's favored inflation gauge shows cooling ... - Associated Press News
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% …
October Inflation Report: Inflation Moderates, Cooling Faster …
WEBNov 14, 2023 · Inflation eased in October and price increases showed encouraging signs of slowing under the surface, according to fresh data released on Tuesday. The report provides the Federal Reserve with ...
Stubbornly high US inflation grew stronger than expected in March - CNN
WEBApr 10, 2024 · CNN — Surging gas prices and sky-high mortgages and rent sent inflation rising more than expected in March, adding to Americans’ prolonged and painful battle with high costs. That could force the...
Inflation report: US CPI shows prices fell in June for the first time ...
WEBJul 12, 2024 · Core goods prices fell on a monthly basis by 0.1% and are down 1.8% for the 12 months ended in June, according to Thursday’s BLS report. Food prices saw a modest uptick last month, rising 0.2% ...
Live Updates: Inflation Runs Hotter Than Expected
WEBApr 10, 2024 · The moves followed a consumer inflation report that came in hotter than expected, with prices rising 3.5 percent in March from a year earlier, marking another month of stubbornly high inflation.
US inflation cools in May, boosting hopes of Fed rate cut
WEBJun 28, 2024 · Inflation is receding after spiking in the first quarter as 525 basis points worth of rate hikes from the Fed since 2022 cool domestic demand. Inflation, however, continues to run above the...