Inflation Ticks Up Slightly - The New York Times
2 days ago · The report today underscores why Fed officials have been hesitant to declare victory over inflation. While 2.6 percent is a lot better than the 9.1 percent peak inflation reached in 2022, it isn ...
CPI report updates: Inflation rises slightly | AP News
2 days 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.
U.S. inflation rose 2.6% in October, a month after the ... - CBS News
2 days ago · Inflation rises 2.6% in October after Fed starts interest rate cuts 04:29. U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve ...
US CPI Report October 2024: Key Takeaways on Inflation, Core …
2 days ago · The annual core CPI rate hasn’t come down since July, and has averaged 3.5% so far in 2024. Falling energy prices help explain why the headline CPI is running lower than core. On a monthly basis ...
Inflation Stays Firm, but Not Enough to Derail December Fed Cut
2 days ago · The Labor Department on Wednesday reported that consumer prices in October rose 2.6% from a year earlier. That marks a pickup in the pace of inflation from September, when prices were up 2.4% on ...
Inflation Slowed in May, Good News for Consumers and the Fed
Jun 12, 2024 · The new report is a sign that inflation is cooling again after proving sticky early in 2024, and it could help to inform Fed officials as they set out a future path for interest rates.
October CPI: Inflation hits another bump on road to Fed's 2% target
2 days 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 ...
CPI Home : U.S. Bureau of Labor Statistics
News Releases. CPI for all items rises 0.2% in September; shelter and food up. 10/10/2024. In September, the Consumer Price Index for All Urban Consumers rose 0.2 percent, seasonally adjusted, and rose 2.4 percent over the last 12 months, not seasonally adjusted.
US inflation reaches 3-year low as Fed prepares to cut interest …
Sep 11, 2024 · WASHINGTON (AP) — 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 interest rates and likely shaping the economic debate in the final weeks of the presidential race.
Powell says Fed will likely cut rates cautiously given persistent ...
1 day ago · WASHINGTON (AP) — Chair Jerome Powell said Thursday that 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 officials want to see where it heads next. Powell, speaking in Dallas, said that inflation is edging closer to ...