The slightly lower number for January reflects smaller price increases for shelter and food, as well as a decrease in energy costs.
The January CPI report showed cooling inflation, a key factor in whether the Federal Reserve resumes interest rate cuts.
The Federal Reserve has now cut interest rates for the third straight meeting, but the decision was anything but unanimous. Three officials broke ranks, arguing that with inflation still running above ...
M/M vs. +0.3% consensus and +0.3% prior, according to data released by the Bureau of Labor Statistics on Friday.
The core personal consumption expenditures price index, which excludes volatile food and energy prices, indicated a 0.2% monthly rise while the annual rate was 2.8%. Federal Reserve officials use the ...
A key measure of inflation fell to nearly a five-year low last month as apartment rental price growth slowed and gas prices fell, offering some relief to Americans still grappling with the sharp ...
Perhaps the single most important macro phenomenon of the past several decades is the precipitous decline in the labor share of income. As David Hay writes, “The Roots of Populism in the U.S. can be ...
Due to the new series, inflation is seen to be lower than earlier-projected, giving room for the central bank to extend the ...
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