Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated
The officials are set to reduce their benchmark rate, which affects many consumer and business loans, by a quarter-point to ...
Fed Signals Slower Rate Cuts as Inflation Stays Above Target
The Federal Reserve is set to take a more cautious approach, as inflation remains above its two percent target.
Russia braced for mammoth rate hike amid fears it's losing the battle against inflation
Russia's central bank is expected to carry out a mammoth rate hike later this week as inflation continues to soar in the ...
Inflation increased in November, complicating Fed's next rate decision
The inflation gauge makes up the last piece of significant economic data before the Fed announces its next interest rate ...
Latest Rise In Consumer Inflation Is Not Going To Stop Fed Rate Cuts
Consumer inflation accelerated in November to 2.7% from 2.6% and core CPI was sticky at 3.3%. But a December Fed rate cut ...
Inflation ticks higher as Fed eyes another rate cut
Inflation picked up slightly in November, according to data released Wednesday by the Labor Department, but likely not by ...
Gold advances as inflation data fuels Fed rate cut optimism
Gold gained on Wednesday after an inflation print came in line with expectations, boosting the likelihood of a Federal ...
The New York Times6d
Inflation Ticks Up, but Details Are Encouraging for the Fed
Inflation sped up last month, but the details suggested cooling ahead. Next week, the Fed will make its final rate decision for 2024. A chart showing inflation, which was up 2.7 percent for the ...
CBS News5d
CPI rose 2.7% in November from a year ago as Fed struggles to snuff out inflation
The Federal Reserve has been battling high inflation since 2022, when it began ratcheting up its benchmark rate in order to dampen demand from consumers and businesses. That's helped lower the ...