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Fed's Preferred Inflation Measure Remains Stubbornly High
Inflation Proved Stubborn in October, Fed’s Preferred Metric Shows
The Federal Reserve’s preferred inflation measure remained above the central bank’s 2% target pace in the year through October, as progress on slowing price growth appears to have stalled in late 2024.
The Fed's Preferred Inflation Measure Remains Stubbornly High
Fed officials had been hoping this fall for a clean downtrend in inflation, allowing them to focus more fully on preventing an economic downturn. The data hasn't cooperated. Over the 12 months through October,
Fed's favored inflation gauge showed price growth picked up in October
The Commerce Department released data showing that PCE inflation ticked higher in October, though the Federal Reserve's preferred inflation gauge remained near last month's level.
Balloon inflation for Macy's Thanksgiving Day Parade in NYC
Thanksgiving parade 2024 balloon inflation: Where to see in person in NYC Wednesday
For spectators who want to see the Macy’s Thanksgiving Day Parade balloons without the same crowds (and rain) that are likely on Thursday, the balloon inflation on Wednesday afternoon is always a popular option.
LIVE
Watch live: Balloon inflation for Macy's Thanksgiving Day Parade in NYC
The iconic balloons are coming to life for the 2024 Macy's Thanksgiving Day Parade in New York City. CBS News New York is hosting its annual Thanksgiving Eve Celebration live from the inflation zone in Central Park.
Massive Balloons Take Shape Ahead of the Macy’s Thanksgiving Day Parade
The massive helium balloons that will float through New York City for the Macy’s Thanksgiving Day Parade have been filled with helium ahead of the big event
6h
US economy holds firm in early Q4; inflation stuck above Fed's target
U.S. consumer spending increased slightly more than expected in October, suggesting the economy retained much of its solid ...
7h
on MSN
US consumer price increases accelerated last month with inflation pressures resilient
Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has ...
10h
on MSN
Stock market today: Indexes traded mixed as investors await fresh inflation data
Traders are eyeing potentially hotter inflation, and dialing back their bets for Fed rate cuts into next year.
4h
on MSN
Wall Street stocks end lower after inflation data, tech stocks push Nasdaq down
Wall Street's main indexes closed lower on Wednesday, with the Nasdaq leading declines, as technology stocks slumped on ...
CNET
11h
Here's What a Second Trump Term Means for Inflation, Taxes and Student Loans
Not all of Trump's policy details are spelled out, and many require congressional approval. While it's impossible to know all ...
11h
'Inflation fatigue' to spur shoppers to spend cautiously on Black Friday weekend, experts project
Holiday retail spending nationwide is expected to grow modestly this year with consumers still shell-shocked over recent ...
5h
on MSN
Wall Street drops after inflation data, led lower by Nasdaq, tech stocks
Wall Street's main indexes fell on Wednesday, with the Nasdaq leading declines as technology stocks slumped on Thanksgiving ...
8h
Stock market today: S&P 500, Nasdaq slide after key Fed inflation gauge shows faltering progress
JPMorgan's global equity strategy team led by Dubravko Lakos-Bujas sees the S&P 500 ( ^GSPC) hitting 6,500 by the end of 2025 ...
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