US consumer spending solid; inflation showing progress as year …
4 days ago · It forecast only two rate reductions in 2025, in a nod to the economy's continued resilience and still-high inflation. In September, Fed officials had forecast four quarter-point rate cuts next year.
Federal Reserve's preferred inflation gauge ... - Associated Press News
4 days ago · The modest monthly inflation figures in Friday’s report point to one likely reason why the Fed was willing to cut its benchmark interest rate Wednesday: Its preferred inflation gauge, known as the personal consumption expenditures price index, is coming in lower — and closer to the Fed’s target — than the higher-profile consumer price index.
US inflation ticked up last month as some price ... - Associated Press News
Dec 11, 2024 · Annual inflation in the United States may have ticked up last month in a sign that price increases remain elevated even though they have plummeted from their painful levels two years ago. ... accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s ...
CPI rose 2.7% in November from a year ago as Fed struggles ... - CBS News
Dec 11, 2024 · Inflation rose 2.7% on an annual basis in November, according to the latest government report on the Consumer Price Index, or CPI. Last month's CPI was forecast to come in at 2.7%, according to ...
Inflation heated up last month as consumer prices rose 2.7% ...
Dec 11, 2024 · Inflation heated back up again in November, but it likely wasn’t bad enough to keep the Federal Reserve from cutting rates next week. Consumer prices were up 2.7% for the 12 months ended in ...
Inflation Ticks Up Slightly Ahead of Fed Meeting
Dec 11, 2024 · Consumer prices rose 2.7 percent in the year through November, a slightly hotter rate than the previous month. The Federal Reserve is considering whether to cut interest rates next week.
CPI report updates: Inflation rises slightly | AP News
Nov 13, 2024 · Consumer prices rose 2.6% from a year earlier, the Labor Department said Wednesday, up from 2.4% in September. It was the first rise in annual inflation in seven months. From September to October, prices edged up 0.2%, the same as the previous month.
Inflation Ticks Up Slightly - The New York Times
Nov 13, 2024 · Inflation ticked up slightly on an annual basis in October, the latest evidence that while cost increases were coming under control, they were not entirely vanquished. The Consumer Price Index,...
Inflation hit a bump in October after slowing for six straight …
Nov 13, 2024 · Consumer prices rose 0.2% last month and were up 2.6% from the year before, according to the latest Consumer Price Index data released Wednesday by the Bureau of Labor Statistics. Housing-related...
Inflation increased in November, complicating Fed's next ... - ABC News
Dec 11, 2024 · Inflation has fallen dramatically but remains above the Fed's target rate. Consumer prices rose 2.7% in November compared to a year ago, ticking upward from the previous month and potentially ...