Live Updates: Inflation Remains Subdued, as Fed Preps Rate Cut
WEBSep 11, 2024 · The Consumer Price Index climbed 2.5 percent in August from a year earlier, a notably cooler pace of inflation than July’s 2.9 percent and down sharply from a peak of 9.1 percent back in 2022 ...
US inflation reaches 3-year low as Fed prepares to cut interest rates ...
WEBSep 11, 2024 · Updated 1:26 PM PDT, September 11, 2024. WASHINGTON (AP) — 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 final weeks of the presidential race.
Inflation falls to 3-year low as Fed prepares to cut interest rates ...
WEBSep 12, 2024 · Inflation eases ahead of expected rate cuts 01:56. Inflation cooled further in August, falling to a three-year low and cementing views that the Federal Reserve will soon start cutting interest rates.
Inflation report: US CPI shows prices fell in June for the first time ...
WEBJul 12, 2024 · The core CPI rose 0.1% from May — its slowest pace since August 2021 — nudging the annual rate of core inflation lower, to 3.3% from 3.4%, and marking a fresh three-year low.
Live Updates: Inflation Runs Hotter Than Expected
WEBApr 10, 2024 · Wall Street analysts saw Wednesday's surprise pickup in the inflation rate as a sign that the Fed could leave rates on hold for months longer than expected.
US inflation slows but remains elevated in sign that price …
WEBThe Fed raised its key rate 11 times, from March 2022 to July of last year, in a concerted drive to defeat high inflation. The result has been much higher borrowing rates for businesses and consumers, including for mortgages and auto loans.
October Inflation Report: Inflation Moderates, Cooling Faster …
WEBNov 14, 2023 · Inflation eased in October and price increases showed encouraging signs of slowing under the surface, according to fresh data released on Tuesday. The report provides the Federal Reserve with ...
CPI Home : U.S. Bureau of Labor Statistics
WEBConsumer prices up 2.9 percent from July 2023 to July 2024. Over the year ended July 2024, the Consumer Price Index for All Urban Consumers increased 2.9 percent. This was the first time since March 2021 that 12-month increase was below 3.0 percent, when prices rose 2.6 percent.
Core US Inflation Picks Up, Damping Odds of Outsize Fed Cut
WEBSep 11, 2024 · Underlying US inflation unexpectedly picked up in August on higher prices for housing and travel, undercutting the chances of an outsize Federal Reserve interest-rate cut next week.
U.S. inflation at 9.1 percent, a record high | PBS News
WEBJul 13, 2022 · Consumer prices soared 9.1 percent compared with a year earlier, the government said Wednesday, the biggest yearly increase since 1981, and up from an 8.6 percent jump in May. On a monthly basis,...