CPI report updates: Inflation rises slightly | AP News
1 day ago · Over the long run, core inflation at that pace would exceed the Federal Reserve’s 2% target. Most economists, though, think inflation will eventually resume its slowdown. Consumer inflation, which peaked at 9.1% in 2022, has since fallen steadily, though overall prices are still about 20% higher than they were three years ago.
Powell says no need for Fed to rush rate cuts given strong economy
7 hours ago · The Fed uses the headline PCE reading to set its 2% inflation target - Powell said that figure likely was around 2.3% in October - while the "core" measure is considered a guide to the direction ...
October CPI: Inflation hits another bump on road to Fed's 2% target
1 day ago · The consumer price index rose 0.2% in October for the fourth month in a row. If the CPI rose that much in every month of a year, the inflation rate would be 2.4% annually. The Fed is trying to get ...
Inflation Ticks Up Slightly - The New York Times
1 day ago · The Consumer Price Index rose 2.6 percent in the year through October, a sign that inflation remains stubborn. The report serves as a reminder that the Federal Reserve still has work to do.
Inflation ticked up in latest CPI report; price growth for ... - NBC News
1 day ago · At his news conference last week announcing a quarter-point rate cut, Fed Chair Jerome Powell warned of additional “bumps” in the path back toward the central bank’s 2% inflation target. He ...
Kugler Says Fed Must Focus on Both Inflation and Jobs Goals
15 hours ago · Federal Reserve Governor Adriana Kugler said policymakers must keep their focus on both the central bank’s inflation and employment goals, pointing to a cooling labor market and slower progress ...
Federal Reserve issues FOMC statement
Nov 7, 2024 · Federal Reserve issues FOMC statement. For release at 2:00 p.m. EST. Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has made progress toward the Committee's 2 ...
Federal Reserve may have pretty much just hit its 2% inflation target
Oct 11, 2024 · The Federal Reserve may have pretty much just hit its 2% inflation target. This week’s inflation data provided more evidence that the Federal Reserve is nearing its 2% objective, a mark that ...
Inflation gauge closely watched by the Fed ... - Associated Press News
Oct 31, 2024 · The Fed tends to favor the inflation gauge that the government issued Thursday — the personal consumption expenditures price index — over the better-known consumer price index. The PCE index tries to account for changes in how people shop when inflation jumps.
Inflation is inching closer toward the Fed’s 2% target
Jul 26, 2024 · The Personal Consumption Expenditures price index — a closely watched inflation gauge that the Federal Reserve uses for its 2% target — slowed to 2.5% for the 12 months ended in June from 2.6%...