PBS2h
Inflation cools but rising prices still dominate Americans’ view of economy
Inflation cooled somewhat in April, according to new numbers from the Bureau of Labor Statistics. The consumer price index rose at an annual rate of 3.4 percent, in line with expectations. But overall ...
The New York Times20d
Stubborn Inflation Could Prod Fed to Keep Rates High for Longer
Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected. By Jeanna Smialek and Ben Casselman Jeanna Smialek reported from Washington, and Ben ...
CNN19d
The Fed’s preferred inflation gauge just moved in the wrong direction
Inflation remained stubbornly high last month, but it hasn’t stopped Americans from spending. The Personal Consumption Expenditures price index — a closely watched inflation gauge favored by ...
USA Today19d
PCE inflation accelerates in March. What it means for Fed rate cuts
A key inflation measure rose sharply in March, further dampening hopes that the Federal Reserve will soon cut interest rates. An underlying gauge of price increases stayed elevated. And household ...
Fox News28d
Biden says inflation is top domestic priority, but Fed admits lack of progress
Federal Reserve chairman Jerome Powell admitted that President Biden's administration has failed to shrink inflation, years after Biden declared it a "top priority." Powell made the comments ...
MarketWatch1mon
Fed’s Kugler expects inflation to slow further and result in rate cuts ‘this year’
Federal Reserve Gov. Adriana Kugler said she expects inflation to slow gradually this year and pave the way for the central bank to reduce interest rates. “If disinflation and labor-market ...
New inflation reading 'along the lines of what we want to see': Fed's Powell
Federal Reserve Chair Jerome Powell said that a new inflation report released Friday is "along the lines of what we want to ...
Reuters2mon
The Fed plots an inflation catchup
The central bank is expected to commit to an inflation makeup strategy to allow period of higher price hikes to offset those of weaker ones. The details have not been announced. But to offset the ...
Fox Business19d
Fed's favorite inflation gauge rises faster than expected in March
An inflation measure closely watched by the Federal Reserve rose faster than expected in March as high prices continue to weigh on millions of Americans. The personal consumption expenditures ...
MarketWatch1mon
Buy energy stocks as Fed becomes less aggressive in fighting inflation, says Morgan Stanley
Morgan Stanley upgraded its view on energy stocks, arguing they have lagged the price of crude oil this year with compelling valuations. Strategists at Morgan Stanley led by Mike Wilson took their ...
Inflation rose slightly to 2.5% in February in gauge preferred by Fed
Inflation tracked by the CPI rose to 3.2% for the year ending in February, the Bureau of Labor Statistics reported. The CPI ...