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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,
U.S. inflation gauge ticks higher with price pressures remaining stubborn
U.S. inflation gauge ticks higher with price pressures remaining stubborn.
Fed, inflation
Fed says it believes inflation will continue to fall; possible rate cuts ahead
Despite inflation in some sectors remaining outside the Federal Reserve's benchmark of 2%, officials indicated they are pleased with the current easing of interest rates, and more gradual cuts may follow.
Inflation rate climbs for the first time since the summer. Fed weighs how much to cut rates.
The rate of inflation rose in October and moved further away from the Federal Reserve’s 2% goal, confirming a recent uptick in prices that could cajole the central bank to cut interest rates less aggressively.
Federal Reserve officials signal cautious path for rate cuts amid still-high inflation
With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves
Tech stocks drag on S&P 500, Nasdaq
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 Thanksgiving eve on worries the Federal Reserve may be cautious about rate cuts after stubbornly strong U.
Nasdaq falls, S&P ends off high with tech stocks under pressure, PCE inflation stalling
Major U.S. stock indexes finished in the red Wednesday, after investors waded through a slew of economic data and some disappointing corporate financial updates ahead of the Thanksgiving Day holiday.
Stocks slide after inflation data; tech leads Nasdaq downturn
Wall Street’s main indexes closed lower today, with the Nasdaq leading declines, as technology stocks slumped on Thanksgiving eve on worries the Federal Reserve may be cautious about rate cuts after stubbornly strong U.
11h
on MSN
American consumers say they're struggling. Tariffs will make inflation much worse.
Donald Trump campaigned on a promise of taming inflation but the tariffs he announced Monday will likely stoke it even before ...
4h
on MSN
CNBC Daily Open: U.S. inflation edged up but investors aren’t fazed
In fact, traders boosted their bets that the U.S. Federal Reserve will lower rates by 25 basis points at its December meeting ...
11h
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 ...
The Indianapolis Star
3d
Does government spending cause inflation, and did Biden-Harris make it worse?
Prices rose 2.6% between October 2023 and the same month in 2024, an unremarkable figure. Yet,
inflation
seems to be on ...
12h
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 ...
13h
Housing Costs Are Pushing Up Inflation
Another large jump in housing-related expenses in October is keeping the Federal Reserve’s preferred inflation index stuck ...
14h
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.
13h
Thanksgiving parade 2024 balloon inflation: How to watch, streaming channel
The Macy’s Thanksgiving Day Parade Balloon Inflation is taking place Wednesday afternoon on the Upper West Side, giving New ...
4h
Indian central bank to delay cutting rates to early 2025 amid inflation concerns
The Reserve Bank of India (RBI) is set to hold interest rates on Dec. 6 as a sharp rise in consumer inflation has led several ...
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