Inflation has been easing broadly for more than a year now, and it’s been cooling faster for grocery items since the middle of the year.
inflation
Posted inBusiness, Nation & World
U.S. inflation reaches 3-year low as Federal Reserve prepares to cut interest rates
A key reason for last month’s drop in overall inflation was the third drop in gas prices in the past four months.
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Posted inBusiness, Election 2024, Nation & World
Harris campaign releases new ad to highlight plans to build 3 million homes and reduce inflation
Her proposal includes the government providing assistance to first-time buyers, tax breaks for homebuilders, and expanding existing incentives for companies that construct rental homes.
Posted inBusiness
‘Time has come’ for Fed to soon begin reducing interest rates, Powell says
The Fed is widely expected to announce a modest quarter-point cut in its benchmark rate when it meets in mid-September.
Posted inBusiness, Nation & World
Annual U.S. inflation falls to 3-year low, clearing way for Fed to cut rates
The government said nearly all of July’s inflation reflected higher rental prices and other housing costs, a trend that, according to real-time data, is easing.
Posted inBusiness
Americans’ refusal to keep paying higher prices may deal final blow to inflation
The reluctance of consumers to keep paying more has forced companies to slow their price increases – or even to cut them. The result is a cooling of inflation pressures.
Posted inBusiness, Nation & World, News
Fed’s Powell highlights slowing job market in signal that rate cuts may be nearing
Chair Jerome Powell’s written testimony Tuesday marked a shift in emphasis away from the Fed’s single-minded fight against inflation that suggests it’s moving closer to cutting interest rates.
Posted inBusiness
Fed chair: U.S. inflation cooling again, though it isn’t yet time to cut rates
If the Fed cuts rates too soon, inflation could re-accelerate. But if it waits too long to reduce borrowing costs, it risks weakening the economy so much as to potentially cause a recession.
Posted inBusiness, Nation & World, News
Federal Reserve sees progress on inflation but envisions just 1 rate cut this year
The policymakers said the economy is growing at a solid pace, while hiring has ‘remained strong’ and there has been ‘modest’ further progress toward its 2% inflation target.
Posted inBusiness, Nation & World, News
Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
In the U.S., a big reason why inflation remains above the Fed’s target is that distortions stemming from the pandemic are still keeping prices elevated.