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Fed's Preferred Inflation Measure Remains Stubbornly High
Fed's preferred inflation gauge rises to 2.3% annually, meeting expectations
Inflation edged higher in October as the Federal Reserve is looking for clues on how much it should lower interest rates, the Commerce Department reported Wednesday.
The Fed's Preferred Inflation Measure Remains Stubbornly High
Fed officials had been hoping this fall for a clean downtrend in inflation, allowing them to focus more fully on preventing an economic downturn. The data hasn't cooperated. Over the 12 months through October,
Inflation Proved Stubborn in October, Fed’s Preferred Metric Shows
The Federal Reserve’s preferred inflation measure remained above the central bank’s 2% target pace in the year through October, as progress on slowing price growth appears to have stalled in late 2024.
55m
on MSN
U.S. inflation inches up. Will Fed hold steady on interest rates?
Price increases on consumer goods and services moved up last month but most economists believe the Fed will assess a year-end ...
LIVE
1h
Stock market today: S&P 500, Nasdaq slide after key Fed inflation gauge shows faltering progress
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1h
on MSN
Key inflation metric rises 0.2% in October, 2.3% annually, in line with expectations
Personal Consumption Expenditures inflation in October rose 0.2%, an increase of 2.3% from a year ago. The Wednesday estimate ...
2h
Inflation ticks higher, upping shopping season pressure
Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has ...
2h
Modest rise in PCE inflation data tees Fed up for cautious December cut
For all the small indications of sticky inflation and robust household finances, the data is sufficiently indicative of a continued long-term disinflationary trend to allow a quarter point cut in ...
2h
on MSN
Inflation rate climbs for the first time since the summer. Fed weighs how much to cut rates.
The rate of inflation rose in October and moved further away from the Federal Reserve’s 2% goal, confirming a recent uptick ...
23h
on MSN
Fed Minutes Signal More Caution on Cuts if Inflation Progress Stalls
Federal Reserve officials discussed potentially slowing down or pausing interest-rate cuts if progress on lowering inflation ...
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