The Fed’s Preferred Inflation Gauge Cooled in August
WEB1 day ago · Cheriss May for The New York Times. By Jeanna Smialek. Sept. 27, 2024, 8:43 a.m. ET. Inflation cooled in August, the latest sign of progress in the Federal Reserve’s yearslong fight to bring ...
Fed's favored inflation gauge shows cooling price pressures, …
WEB1 day ago · WASHINGTON (AP) — The Federal Reserve’s preferred inflation measure on Friday provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts this year and next.. Prices rose just 0.1% from July to August, the Commerce Department said, down from the previous month’s 0.2% increase.. Compared with a year earlier, inflation fell to 2 ...
A dual win for consumers: Inflation cooled last month, paving way …
WEB1 day ago · Americans and Federal Reserve officials have news to celebrate: Inflation cooled significantly last month, likely giving central bankers more confidence to continue cutting interest rates.
Key Fed inflation gauge at 2.2% in August, lower than expected
WEB1 day ago · Data as of Sept. 27, 2024. Excluding food and energy, core PCE rose 0.1% in August and was up 2.7% from a year ago, the 12-month number 0.1 percentage point higher than July. Fed officials tend to ...
Fed official says US interest rates should not be cut too fast | AP News
WEB1 day ago · Barkin said he sees the Fed cutting borrowing costs in two phases, beginning with a “recalibration” because rates are higher than needed given the drop in inflation in the past two years. Inflation has fallen sharply from a peak of 7% in 2022, according to the Fed’s preferred gauge, to about 2.2% in August.
Fed’s favored inflation gauge shows cooling price pressures ... - PBS
WEB1 day ago · Compared with a year earlier, inflation fell to 2.2%, down from 2.5% in July and barely above the Fed’s 2% inflation target. The cooling of inflation might be eroding former President Donald ...
Fed’s preferred inflation measure falls more than expected to 2.2%
WEB1 day ago · The Federal Reserve’s preferred measure of US inflation dropped by more than expected to 2.2 per cent in the year to August, paving the way for the central bank to cut interest rates again in ...
Fed's Favorite Inflation Gauge: What to Expect From August PCE
WEB1 day ago · The most recent CPI suggested inflation eased in August to a three-year low, and helped tee up the Fed to go big with a 0.5-percentage-point rate cut last week. Here is what economists polled by ...
Fed's key inflation measure cooled slightly from a year ago ... - NBC News
WEBJul 26, 2024 · By Jeff Cox, CNBC. An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut ...
US inflation reaches 3-year low as Fed prepares to cut interest …
WEBSep 11, 2024 · Annual US consumer inflation fell to 2.5% in August, a 3-year low. The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates and likely shaping the economic debate in the presidential race.
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