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Inflation Rises, Narrowing Chances for a Fed Rate Cut
The core index that omits energy and food costs also rose by 0.3% in June, but the annual rate ticked up to 2.8% from 2.7% and slightly above forecasts. Personal spending rose by 0.3%, below the 0.4% forecast but still suggesting consumers are willing to continue shopping.
US PCE inflation continues rising in line with Fed expectations
PCE headline and core inflation rose again in June relative to upwardly revised figures in May and April. A month ago, core PCE inflation was recorded as 2.57 and 2.67 per cent for these two months respectively. This was revised up with the June release to 2.58 and 2.75 per cent. June core CPI came in at 2.78 per cent.
The central debate over monetary policy right now is whether America's economic waters are fundamentally calm or hazards just ...
Inflation remained stubbornly high in June, according to data released by the Commerce Department on Thursday, as President Donald Trump’s tariffs begin to ripple through the broader economy.
The Federal Reserve's preferred inflation gauge showed that prices increased slightly in June, as policymakers continue to monitor data for signs of tariff-induced inflation.
Fed Chair Jerome Powell said the economy is solid — and that it's also too early to tell how tariffs will affect it.
The chair acknowledged that if the Fed cut its rate too soon, inflation could move higher, and if it cut too late, then the ...
The New Republic on MSN3hOpinion
Inflation Spikes More Than Expected in Every Indicator That Matters
On the 2024 campaign trail, President Trump promised to “end inflation” and increase affordability, while touting economic ...
The central bank has defied Trump’s public criticism for months. The Fed has held interest rates steady for seven consecutive ...
As widely expected, the Federal Reserve maintained its wait-and-see position, taking no interest rate action during the July ...
The Federal Reserve left its key interest rate unchanged at 4.25% to 4.5% and offered no clues on whether it will resume its rate cuts in September.
The jobs number (nonfarm payrolls, to give its technical name) is due out tomorrow. Expect stocks to react strongly if it ...
US President Donald Trump’s surprise tariff announcement is set to weigh on the Reserve Bank of India’s monetary policy ...
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