The Consumer Price Index report for January is expected to show broadly unchanged annual inflation according to nowcasts. That may be broadly good news for the Fed.
A larger than expected drop in inflation data has boosted the chances of an interest rate cut as soon as February.
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But ...
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Knowing when to switch bank accounts can be stressful, especially as inflation rises. Find out how to know it's time to ...
The latest PMI survey for December showed that firms did raise their output prices but this was for the first time in three ...
The December CPI report, due Wednesday, is predicted to show another month of sticky inflation. Gas, food, vehicle, and shelter costs are among the areas believed to have kept the CPI elevated.
Inflation ended 2024 entrenched in a rangebound range above the Federal Reserve’s target. This was one of the takeaways from the December CPI report. Headline inflation increased 2.9% ...
Let us talk about food inflation first. For December 2024, food inflation came in at 8.39%; which is 65 lower higher than the food inflation in November 2024; falling 248 bps in the last 2 months.
This contradicts months of claims from Jerome Powell who has insisted that price inflation was rapidly returning to the Fed's two-percent price inflation goal.
balancing inflation and employment mandates amid rising uncertainty. US CPI increased 0.4% MoM and 2.9% YoY in December, a small upside surprise on the monthly rate but an annual rate that was in ...