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Fed’s Preferred Inflation Measure Ticked Up Slightly
The Fed’s Preferred Inflation Measure Ticked Up Slightly in December
The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.
Key Fed measure shows core inflation at 2.8%, in line with expectations
Inflation closed out 2024 on a strong note, as a price gauge the Federal Reserve focuses on came in well above the central bank’s target, the Commerce Department reported Friday.
Inflation gauge favored by Fed showed price growth picked up in December
The Federal Reserve's preferred inflation gauge, known as the personal consumption expenditures index, rose in December in line with economists' expectations.
Trump slams Fed
Trump slams Fed after decision to hold interest rates steady
Federal Reserve officials held interest rates steady after their latest policy meeting, drawing sharp criticism from President Donald Trump.
Trump Slams Fed for Mishandling Inflation and Bank Regulation
President Donald Trump criticized Federal Reserve Chair Jerome Powell and the U.S. central bank, accusing them of mishandling inflation and bank regulation. Trump posted on Truth Social after the Fed maintained a key interest rate.
‘Terrible job’: US President Donald Trump blasts Fed's handling of inflation after unchanged interest rates decision
Trump criticised the Federal Reserve and Jay Powell for handling inflation after the Fed maintained interest rates. He pledged to tackle inflation through energy production and cutting regulations, claiming the Fed's focus on unrelated issues exacerbated the problem.
1h
High Inflation Sows Debate About New Fed Playbook for Tariffs
Fresh tariffs amid high inflation are making the Fed’s job uniquely difficult and feeding uncertainty about what to expect ...
4h
Fed's Goolsbee comforted by latest inflation data, worried about tariffs
Chicago Federal Reserve President Austan Goolsbee said inflation data released on Friday was a bit better than expected and ...
4h
on MSN
Inflation finishes 2024 well above Fed’s 2% target, PCE shows. Rate cuts on hold.
The price gauge used by the Federal Reserve to help set U.S. interest rates accelerated in December, pushing the bank further ...
5h
Fed’s Bowman Wants More Inflation Progress Before Cutting Rates
Federal Reserve Governor Michelle Bowman said she wants to see additional progress on inflation before the central bank ...
1h
on MSN
Inflation ticked higher last month, in latest sign of persistent price pressures
WASHINGTON (AP) — An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that ...
32m
Investors breathe a sigh of relief after PCE inflation report. Why 'mild' inflation could help the stock market.
December’s PCE report on Friday suggests that inflation finished 2024 above the Federal Reserve's 2% target, but it didn't spiral out of control, which is "the ideal outcome" from a stock investor’s ...
2d
Fed stands pat, leans hawkish with omission of inflation-progress reference
The Federal Reserve left interest rates in the 4.25% to 4.50% target range on Wednesday and gave little insight into when ...
7h
Why a 5-Year CD is Your Best Bet After the Fed Meeting
Despite the pause this month, the Fed is still expected to resume rate cuts later this year, aiming to hit 2.5% or lower by ...
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