New inflation reading likely keeps the Fed on pause for now
Jan 15, 2025 · It was the first drop on a core basis after three months of being stuck at 3.3%. "This latest inflation reading confirms a Fed rate cut skip at the January FOMC meeting," said …
A Fed on hold, for now, eyes strong jobs, easing inflation
2 days ago · At their last meeting in December, U.S. Federal Reserve officials were worried about inflation getting stuck above their 2% target and had watched job gains seesaw in what …
CPI edged higher in December, complicating the Fed's ... - CBS News
Jan 15, 2025 · Still, there are some signs of progress in the Fed's inflation battle. Core CPI, or prices excluding the volatile energy and food costs, rose 3.2% on an annual basis, lower than …
Inflation Sped Up in December, a Fresh Challenge for the Fed
Jan 15, 2025 · The “core” measure of inflation, which strips out volatile food and fuel prices to give a better sense of the underlying trend, was more encouraging: The index rose 3.2 percent …
The Fed cuts key rate by half-point, signaling end to its inflation ...
Sep 19, 2024 · The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but …
Inflation has slowed. Now the Federal Reserve faces expectations …
Jan 29, 2024 · In the past three months, year-over-over inflation that excludes volatile food and energy costs has dropped to just 1.5%. Yet Fed officials are expected to wait for at least a few …
Fed Cuts Rates, but Projects Fewer Reductions Next Year - The …
Dec 18, 2024 · The Fed has come a long way from just a few years ago: In 2022, inflation was more than twice its current rate and many economists thought that the central bank’s decisions …
US inflation reaches 3-year low as Fed prepares to cut interest …
Sep 11, 2024 · The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut …
Inflation Remains Subdued, as Fed Preps Rate Cut
Sep 11, 2024 · Federal Reserve officials are widely expected to make their first interest rate cut in more than four years next week, and the fresh inflation reading — which was the coolest in …
Fed Officials Say Latest Inflation Data Helpful as They Await …
Jan 15, 2025 · ANNAPOLIS, Maryland (Reuters) -Federal Reserve officials said data released on Wednesday showed U.S. inflation was continuing to ease even as they noted heightened …