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.
Inflation Rose in October, Raising Concerns for Fed Rate Cuts
October's annual inflation rate ticked up for the first time in seven months, after more than two years of gradual cooling.
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.
Are the Fed's Rate Cuts Over Now That Inflation Is Rising Again?
Inflation wreaked havoc on Americans' finances for much of 2022 and 2023. But thankfully, things have been better this year, with annual inflation rising at a much slower pace. Unlock a bonus worth $250 and pause interest into 2026 – this credit card is the perfect combo!
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.
Richmond Fed’s Barkin expects inflation will fall into next year, hints at slowing rate-cut pace
Richmond Fed president Tom Barkin said Friday that he expects inflation will continue to drop into next year and hinted at ...
USA Today3d
Inflation ticked up in October, CPI report shows. What happens next with interest rates?
But prices spiked in the pandemic, and the annual inflation rate reached a 40-year high of 9.1% in mid-2022. The Fed stepped in, raising interest rates dramatically in 2022 and 2023 to cool the ...
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 ...
Citadel Securities’ Inflation Head Says Tariffs No Worry for Fed
Citadel Securities’ Durham Abric says the Federal Reserve’s interest-rate path probably will be uninterrupted by the incoming ...