Prices are continuing to rise faster than is consistent with the Federal Reserve’s 2% target.
inflation
Posted inBusiness, Nation & World, News
Fed keeps interest rates unchanged but it expects another increase this year
Even as inflation has slowed significantly, the job market and the economy have remained resilient, confounding expectations that the Fed’s series of hikes would cause widespread layoffs and a recession.
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Posted inNation & World
Gas prices push up inflation in August, yet underlying price measures cooled
Despite the seemingly divergent figures, the decline in the core measure points to inflation coming under control.
Posted inBusiness, Nation & World
U.S. price and wage increases slow further in the latest signs of cooling inflation
A price gauge closely monitored by the Fed rose just 3% in June from a year earlier, which is down from a 3.8% annual increase in May, but still above the Fed’s 2% inflation target.
Posted inBusiness, Nation & World, News
Federal Reserve raises its key rate for 11th time by a quarter-point in its drive to slow inflation
Coming on top of its previous rate hikes, the Fed’s latest move could lead to further increases in the costs of mortgages, auto loans, credit cards and business borrowing.
Posted inBusiness, Nation & World, News, Politics
Fed Chair reinforces likelihood of more interest rate hikes due to persistently high inflation
The central bank has raised its benchmark rate aggressively since March 2022 in a push to slow the economy and reduce inflationary pressure.
Posted inBusiness, Nation & World, News
U.S. inflation slows, giving room for Fed to pause rate hikes
The Fed will likely announce that it’s skipping a rate hike but may resume raising rates as soon as July.
Posted inBusiness
U.S. prices stay high, showing inflation pressures persist
Inflation eased for a 10th straight month, but prices are still increasing faster than normal.
Posted inBusiness, Nation & World, News
Cheaper gas and food provide some relief from U.S. inflation
Consumer prices were up just 5% in March, down sharply from February’s 6% year-over-year increase and the mildest such rise in nearly 2 years.
Posted inBusiness, Nation & World, News
U.S. consumer prices ease but stay high, putting Fed in tough spot
With the recent collapse of Signature and Silicon Valley banks, the agency may have to shift its focus from taming inflation to boosting confidence in financial institutions.