Progress lowering US consumer inflation stalling; rate cut pace uncertain in 2025
U.S. consumer prices increased as expected in October amid higher costs for shelter such as rents, and progress toward low inflation has slowed in recent months, which could result in fewer interest rate cuts from the Federal Reserve next year.
Axios Sneak Peek on MSN1d
Inflation ticked up in October, new CPI report showsAxios VisualsThe Consumer Price Index rose 2.6% in the 12 months through October — a tick up from the prior month — while the ...
The Consumer Price Index (CPI) rose steadily in October, at a pace likely modest enough to keep the Federal Reserve on course ...
CBS News on MSN14d
PCE index, the Fed's preferred inflation measure, drops to 2.1%. Here's what it means for interest rates."No tricks, just some consumer and inflation treats," Daco wrote. "We continue to expect the Fed to ease policy by 25bps at ...
No major U.S. trading partner manipulated its currency in the year to June 30, the Treasury Department said on Thursday in ...
Allianz chief economic adviser Mohamed El-Erian warned that even though inflation has cooled significantly, prices consumers ...
The greenback has also been boosted by Trump’s victory. Coming up later: Networking-equipment company Cisco Systems is due to report earnings after Wednesday's closing bell. Another gauge of ...
New Delhi, Nov 15 (IANS): India’s economy is in a "sweet spot" with strong growth and inflation expected to ease in the coming months, according to Moody’s Global Macro Outlook report released on ...
Americans across the U.S. are experiencing vastly different inflation rates depending on where they live, and new Labor ...
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