U.S. inflation rose 2.6% in October, a month after the Federal Reserve began cutting rates
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor market.
Powell Says Fed Will Likely Cut Rates Cautiously Given Persistent Inflation Pressures
Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s
Fed Expected to Cut Rates Carefully Amid Inflation Pressures
Powell, in prepared remarks for a speech in Dallas, said that inflation is edging closer to the Fed’s 2 percent target, “but it is not there yet.” At the same time, he said,
Fed will likely cut rates cautiously given persistent inflation pressures, chairman says
The head of the Federal Reserve said Nov. 14 that the central bank will likely cut its key interest rate slowly and deliberately in the coming months, in
Federal Reserve slashes interest rates by quarter-point as inflation cools
In a move that consumers will welcome, the Federal Reserve on Thursday slashed its benchmark interest rate by a quarter of a percentage point to 4.5-4.75%— marking the second reduction this year. The Federal Reserve implemented a series of interest rate hikes in 2022 and 2023 to combat high inflation — which peaked at 9% in the middle of 2022.
Are the Fed's Rate Cuts Over Now That Inflation Is Rising Again?
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Here's the inflation breakdown for October 2024 — in one chart
Consumers saw price relief at the gas pump and grocery store. But housing inflation and other categories, such as car ...
Planet saw its 2nd-warmest October in 175-year record: 2024 on pace to be world's warmest year on record
Earth saw another unusually warm month, with October 2024 ranking as the second-warmest October in NOAA's 175-year global ...
US import prices unexpectedly rise in October
U.S. import prices unexpectedly rose in October amid higher prices for fuels and other goods, the latest indication of lack ...
Inflation accelerated in October, offering first look at prices since election
Consumer prices rose 2.6% in October compared to a year ago, ticking upward from the previous month and reversing some of the ...
Retail Sales Rose More Than Expected in October
American shoppers have spent more than expected so far this fall at retail establishments and restaurants. U.S. retail and ...
US industrial production sags in October amid continued drag from Boeing strike, hurricanes
U.S. industrial production fell for a second straight month in October, continuing to be depressed by hurricanes and a strike ...
Inflation ticks up in October mostly driven by housing cost increases
Most economists believe overall prices will continue downward trend following first rise in annual inflation in seven months ...