The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December. That's up from 2.7% in November. Energy, food, new and used vehicles, car insurance and airline fares were ...
The Federal Reserve’s preferred inflation gauge moved even higher in December, driven largely by rising energy prices as well as food. However, a closely watched measurement of underlying inflation ...
The Federal Reserve's preferred inflation gauge showed prices rose as expected in December, and it remains above the central bank's target level amid its ongoing efforts to wrestle down ...
While good by historical levels ... prices are slightly higher now compared to May 2024. “Inflation is still firmly above the Federal Reserve’s 2% target,” says Clark Bellin, chief ...
The change was slightly above analysts' expectations and is likely to bolster reluctance at the Fed to cut interest rates any further.
President Donald Trump did not call on the Federal Reserve to bring down rates last week, but said it had failed to bring ...
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