Fed's Powell had pointed to 'bumps' in road to 2% inflation
Federal Reserve Chair Jerome Powell had mentioned last week that the road to 2% inflation would not be a straight line. "We expect there to be bumps," Powell said, at his press conference last week.
Inflation accelerated in October, offering first look at prices since election
Economists expect prices to have risen 2.6% over the year ending in October. That figure would mark a slight uptick from the ...
Inflation expected to have increased in October
The U.S. government is set to release new inflation data on Wednesday, offering a fresh look at price increases little more ...
December rate cut is a 'solid base case but not a lock,' Guha says
Ahead of the CPI data, a rate cut in December remains the "solid base case but not a lock," said Krishna Guha, vice chairman of Evercore ISI. Guha said the CPI data takes on extra importance in light ...
Barron's23h
What Time Is the Fed's Interest-Rate Decision Today—and How to Watch Jerome Powell's Speech
Fed Chair Jerome Powell will hold a press conference beginning at 2:30 p.m. Central bank officials are expected to cut rates by a quarter of a percentage point.
Here's the inflation breakdown for October 2024 — in one chart
Consumers saw price relief at the gas pump and grocery store. But housing inflation and other categories, such as car ...
NBC News21h
A federal disaster fund has drawn 50,000 applications after twin hurricanes. One problem: It’s out of money.
When the river began to rise last month in Asheville, North Carolina, Lucious Wilson stood on a nearby hill and watched as his brewery slowly vanished in the floodwaters generated by Hurricane Helene.
The New York Times15h
New York Times - Top Stories
At Mar-a-Lago, ‘Uncle’ Elon Musk Puts His Imprint on the Trump Transition He’s on the patio. He’s on the golf course. Everywhere President-elect Trump looks, there is the world’s richest ...