Rate will move lower long as we keep making progress toward 2% inflation, says Fed's Austan Goolsbee
Rate will move lower long as we keep making progress toward 2% inflation, says Fed's Austan Goolsbee This is a great opportunity to rebalance fixed-income allocations, says Schwab's Omar Aguilar
U.S. inflation rose 2.6% in October, a month after the Federal Reserve began cutting rates
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor market.
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next.
Dow, S&P 500 barely up as inflation data keeps Fed rate-cut hopes intact
The Dow and the S&P 500 rose slightly on Wednesday after October data showed consumer prices rising in line with expectations, adding support to bets that the U.S. Federal Reserve will cut interest rates in December.
Wall Street edges higher after inflation data keeps Fed rate-cut hopes intact
The consumer price index rose 0.2% in October for the fourth straight month, and advanced 2.6% on an annual basis.
Inflation Data Boots Wall Street as Stocks Hover Near Records
The new numbers have boosted hopes that more help for the economy will arrive next month from another cut to interest rates.
Dow, S&P 500 edge higher after inflation data keeps Fed rate-cut hopes intact
Wall Street's three major indexes rose on Wednesday after October data showed consumer prices rising in line with expectations, adding support to bets that the U.S. Federal Reserve will cut interest rates in December.
Inflation accelerated in October, offering first look at prices since election
Economists expect prices to have risen 2.6% over the year ending in October. That figure would mark a slight uptick from the ...
Import prices post biggest increase in six months and add to U.S. inflation
The cost of imported goods snapped back in October and added a bit more upward pressure to U.S. inflation, largely because of ...
Wholesale Inflation Sees Fastest Increase in Three Months
The Producer Price Index delivered a higher-than-expected annual wholesale inflation rate of 2.4% in October, its highest ...
Inflation Ticks Up, as the Fed’s Victory Remains Incomplete
Inflation has cooled notably, but a pickup in annual price increases underscores that it is not fully back to normal.
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Inflation Rose Slightly in October, But Two-Year Downward Trend Remains
Inflation in the United States ticked up in October, driven by costlier rents, used cars and air fares, a sign that price ...
Inflation rose right before the election, posing challenges for Trump
Wednesday’s report shows inflation edged up at a 2.6 percent annual rate in October, compared with a 2.4 percent gain in the ...
UK inflation worries tick up after big-spending budget and Trump win
Just when Britain seemed to be moving beyond its inflation problem, the new government's spending splurge and the risk of a ...