Consumer inflation increased 2.9% in 2024, which is above the Federal Reserve's goal of 2%, but wages overall more than kept ...
Gas prices rose sharply, but investors homed in on a small decline in the core CPI.
The Fed is expected to leave borrowing rates unchanged at the conclusion of its latest two-day policy meeting on Wednesday.
Since the FOMC is responsible for setting interest rate policy at the Fed, Wall Street watches each SEP very closely. In the September SEP, the FOMC forecast five potential interest rate cuts in 2025, ...
US consumer inflation rose for a third straight month in December as energy prices rose, according to government data ...
However, the print did not alter market expectations for the Federal Reserve to hold interest rates steady at its Jan. 28-29 meeting. Attention now shifts to the consumer price index due at ...
U.S. consumer prices rose in December due to higher energy costs, leading to the highest inflation in nine months. However, ...
Recently, progress on inflation appeared to be stuck or, at worst, reversing: A closely watched gauge of underlying price ...