The Fed cuts key rate by half-point, signaling end to its inflation ...
Sep 19, 2024 · Inflation has tumbled from a peak of 9.1% in mid-2022 to a three-year low of 2.5% in August, not far above the Fed’s 2% target. The Fed’s policymakers also signaled that they …
Federal Reserve officials at December meeting ... - Associated Press News
Jan 8, 2025 · WASHINGTON (AP) — Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated …
Inflation has slowed. Now the Federal Reserve faces expectations …
Jan 29, 2024 · In the past three months, year-over-over inflation that excludes volatile food and energy costs has dropped to just 1.5%. Yet Fed officials are expected to wait for at least a few …
Inflation Sped Up in December, a Fresh Challenge for the Fed
Jan 15, 2025 · The “core” measure of inflation, which strips out volatile food and fuel prices to give a better sense of the underlying trend, was more encouraging: The index rose 3.2 percent …
Fed holds interest rates steady, postponing rate cuts amid ... - ABC News
Mar 20, 2024 · The Federal Reserve held interest rates steady on Wednesday, opting to keep rates highly elevated as progress toward lower inflation has stalled. The move pushes back …
Fed Cuts Rates, but Projects Fewer Reductions Next Year - The …
Dec 18, 2024 · The Fed has come a long way from just a few years ago: In 2022, inflation was more than twice its current rate and many economists thought that the central bank’s decisions …
CPI edged higher in December, complicating the Fed's ... - CBS News
Jan 15, 2025 · Still, there are some signs of progress in the Fed's inflation battle. Core CPI, or prices excluding the volatile energy and food costs, rose 3.2% on an annual basis, lower than …
Latest CPI Inflation Report Makes January Fed Rate Cut Very
Jan 15, 2025 · The December Consumer Price Index report showed an acceleration in year-on-year total CPI inflation to 2.9%, the highest rate since July 2024. Meanwhile, core CPI …
Fed Officials Say Latest Inflation Data Helpful as They Await …
Jan 15, 2025 · ANNAPOLIS, Maryland (Reuters) -Federal Reserve officials said data released on Wednesday showed U.S. inflation was continuing to ease even as they noted heightened …
Inflation increased in November, complicating Fed's next ... - ABC News
Dec 11, 2024 · Consumer prices rose 2.7% in November compared to a year ago, ticking upward from the previous month and potentially giving pause to the Federal Reserve as it weighs an …