The Fed’s go-to inflation gauge just heated up again - CNN
1 day ago · Cleveland Fed President Beth Hammack, who was the sole dissenter at the Fed’s policy meeting earlier this week, favoring a pause, said Friday she needs to see “further evidence that inflation ...
Federal Reserve's preferred inflation gauge ... - Associated Press News
1 day ago · The modest monthly inflation figures in Friday’s report point to one likely reason why the Fed was willing to cut its benchmark interest rate Wednesday: Its preferred inflation gauge, known as the personal consumption expenditures price index, is coming in lower — and closer to the Fed’s target — than the higher-profile consumer price index.
The Fed’s Preferred Inflation Measure Sped Up in November
1 day ago · Federal Reserve officials are closely watching how inflation shapes up as they contemplate when and how much to cut interest rates in 2025, and the latest inflation data offers reasons for both ...
Key Fed inflation measure shows 2.4% rate in November, lower ... - NBC News
1 day ago · The measure indicated a 2.4% inflation rate on an annual basis, still ahead of the Fed’s 2% goal, but lower than the 2.5% estimate from Dow Jones. The monthly reading also was 0.1 percentage ...
Fed's inflation gauge shows easing price pressures in November
1 day ago · Despite the positive news on inflation, the year-over-year inflation rate edged up slightly to 2.4 percent in November, compared to 2.3p percent in October, still above the Fed's two percent target.
Federal Reserve's preferred inflation gauge shows price ... - ABC News
1 day ago · Yearly inflation was 2.4% in November, up from 2.3% in October and above the Fed’s 2% inflation target. Year-over-year “core” prices, which exclude volatile food and energy costs, were ...
The Fed's Favorite Measure Of Inflation Was Surprisingly
1 day ago · Officials at the Federal Reserve pay closer attention to PCE inflation when setting the nation's monetary policy. The Fed aims to get PCE inflation down to an annual rate of 2% and keep it there ...
Powell Signals Fed’s Focus Has Returned Firmly to Inflation
3 days ago · Federal Reserve officials capped 2024 with a third-straight interest-rate cut and a strong signal that inflation concerns are back in the fore.
CPI rose 2.7% in November from a year ago as Fed struggles ... - CBS News
Dec 11, 2024 · That's helped lower the inflation rate to its current level from a recent peak of 9.1% in June 2022, yet the last leg of the Fed's journey to push inflation down to a 2% annual rate is proving ...
The Fed Cut Rates and Signaled a Long Fight Against Inflation
3 days ago · Jerome Powell, the Fed chair, said that the central bank cut rates after each of its last three meetings because inflation had significantly slowed, but that it was a “closer call” this time.