The Fed’s go-to inflation gauge ticked up less than expected
3 days ago · The Federal Reserve’s preferred inflation gauge moved slightly higher in November — but not as much as economists were expecting, an indication that price hikes aren’t accelerating in a ...
Federal Reserve's preferred inflation gauge ... - Associated Press News
2 days ago · The modest monthly inflation figures in Friday’s report point to one likely reason why the Fed was willing to cut its benchmark interest rate Wednesday: Its preferred inflation gauge, known as the personal consumption expenditures price index, is coming in lower — and closer to the Fed’s target — than the higher-profile consumer price index.
PCE inflation November 2024: - CNBC
2 days ago · The PCE price index was expected to show a 2.5% annual inflation rate in November after rising 0.2% monthly.
The Fed’s Preferred Inflation Measure Sped Up in November
2 days ago · The central bank’s preferred inflation measure, released on Friday, climbed 2.4 percent in November from a year earlier, faster than its 2.3 percent rate in October and notably quicker than the ...
Federal Reserve is likely to slow its rate cuts with inflation ...
Dec 16, 2024 · The policymakers had kept their key rate at its peak for more than a year to try to quell inflation, until slashing the rate by a half-point in September and a quarter-point last month. The problem is that while inflation has dropped far below its peak of 9.1% in mid-2022, it remains stubbornly above the Fed’s 2% target.
CPI report updates: Inflation rises slightly | AP News
Nov 13, 2024 · Consumer prices rose 2.6% from a year earlier, the Labor Department said Wednesday, up from 2.4% in September. It was the first rise in annual inflation in seven months. From September to October, prices edged up 0.2%, the same as the previous month.
Live Updates: Inflation Runs Hotter Than Expected
Apr 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.
Inflation Falls Below 3% for First Time Since 2021
Aug 14, 2024 · President Biden celebrated inflation falling below 3 percent in a news release. He also intensified a Democratic attack on corporations for keeping prices elevated.
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 hit a bump in October after slowing for six straight …
Nov 13, 2024 · Consumer prices rose 0.2% last month and were up 2.6% from the year before, according to the latest Consumer Price Index data released Wednesday by the Bureau of Labor Statistics. Housing-related...