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 the Federal Reserve’s 2% target, Bloomberg reported. “I see a strong trajectory sustainably back towards 2%,
Two firm inflation prints just made the Fed's 2025 rate cut path a lot 'murkier'
October inflation readings out this week have shown little progress toward the Fed's two percent inflation target, putting into question how deeply the Federal Reserve will cut interest rates in 2025.
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s
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%.
Dollar set for strong weekly rise as markets anticipate fewer rate cuts
The U.S. dollar was set for its biggest weekly gain in over a month on Friday, as markets reassessed expectations of future interest rate cuts and with the view that President-elect Donald Trump's policies could stoke inflation.
Federal Reserve slashes interest rates by quarter-point as inflation cools
In a move that consumers will welcome, the Federal Reserve on Thursday slashed its benchmark interest rate by a quarter of a percentage point to 4.5-4.75%— marking the second reduction this year. The Federal Reserve implemented a series of interest rate hikes in 2022 and 2023 to combat high inflation — which peaked at 9% in the middle of 2022.
Inflation remains stubborn as wholesale prices accelerate after Fed rate cuts
Wholesale prices in the US rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure. Thursday’s report from the Labor Department showed that its producer price index — which tracks inflation before it hits consumers — rose 0.
Reuters2d
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 ...
Marketplace1d
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 ...
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 ...
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.
Reuters2d
Musalem says Fed in 'last mile' of inflation fight, but recent data raise risks
Recent data raise risks of inflation progress slowing, reversing Musalem expects inflation to converge to 2% over medium ...
CPI inflation data signals Fed needs to 'tread lightly' when guiding markets on future rate cuts: economist
Don't look for the Federal Reserve to start making big promises on further monetary-policy easing after the October reading ...
Bloomberg L.P.2d
Fed’s Musalem Sees Gradual Rate Cuts If Inflation Keeps Falling
Federal Reserve Bank of St. Louis President Alberto Musalem said the central bank is within sight of its inflation and ...