Strong US consumer inflation readings seen delaying Fed rate cut

U.S. consumer prices increased more than expected in March as Americans continued to pay more for gasoline and rental housing, leading financial markets to anticipate that the Federal Reserve would ... Read More

Key question before US reveals latest consumer prices: Is inflation cooling enough for the Fed?

An eagerly awaited report Wednesday on consumer prices will show whether inflation is still easing, a trend the Federal Reserve will weigh in deciding when and by how much — or even whether — to cut i ... Read More

Fed’s preferred inflation gauge rose 2.8% in February — reducing hopes for quicker rate cuts

The core Personal Consumption Expenditures Price Index — the Fed’s preferred gauge of inflation — rose ... rate of expansion in the July-September quarter. But last quarter’s growth was ... Read More

Powell hints Fed still on course to cut rates three times in 2024 despite inflation uptick

That’s still ... rate from near zero to fight high inflation but has left it unchanged since last July. What happens when the Fed raises or lowers interest rates? The Fed raises rates to make ... Read More

Key Fed inflation gauge, consumer spending rise in February

On a monthly basis, prices rose 0.3%, slightly below ... to the Fed's 2% year-over-year target, monthly inflation readings over 0.2% are necessary over time to lower the headline rate. Read More

The Fed is determined not to reduce interest rates too soon, experts say — a mistake the central bank has made in the past

The Fed is determined not to reduce interest rates too soon, experts say — a mistake the central bank has made in the past. Read More

February consumer inflation rose 2.8% from 2023, in line with expectations

March 29 (UPI) --U.S. consumer inflation rose slightly in February ... Since PCE is still above 2%, the Fed is expected to once again hold interest rates steady in May. Advertisement Police ... Read More

Inflation ticked higher in February as consumer spending soared

Analysts expected consumer spending to rise 0.3 percent in February. When adjusting for inflation, spending rose ... U.S. economy added 275,000 jobs last month and the jobless rate stayed below ... Read More

Inflation rose slightly to 2.5% in February in gauge preferred by Fed

Inflation ticked up to a 2.5% annual rate in February, as measured by the gauge favored by the Federal Reserve, rising one-tenth of a percentage point from the previous reading. The uptick in the ... Read More

Inflation ticked higher in February as consumer spending soared

The annual inflation rate rose ... and July 2023, the central bank hiked interest rates from near zero to a range of 5.25 to 5.5 percent. Inflation has fallen significantly since it topped 9 percent ... Read More

Inflation ticked higher in February as consumer spending soared

The personal consumption expenditures price index, the Federal Reserve’s preferred way to measure inflation, rose ... 2022 and July 2023, the central bank hiked interest rates from near zero ... Read More