the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels. The Commerce Department reported that prices rose just 2.1% in ...
Given the surge in post-pandemic inflation, the fact that headline inflation now sits just a tenth of a percentage point away from the Fed's target is a significant achievement. Last month ...
That is barely above the Fed's 2% inflation target and in line with readings in 2018, well before prices began surging after the pandemic recession. Yet some signs of inflation pressures remained.
October jobs report shows signs of labor market cooling Rate futures signal high chance of small Fed cut on Nov. 7 Fed policy rate seen in 4.25%-4.50% range at end of 2024 Nov 1 (Reuters ...
Inflation at 2.1% by Fed's targeted measure; goal is 2% Employment cost index falls to lowest in more than 3 years Underlying inflation, election cloud 2025 rates outlook Oct 31 (Reuters ...