By Jeanna Smialek Federal Reserve officials are closely watching how inflation shapes up as they contemplate when and how much to cut interest rates in 2025, and the latest inflation data offers ...
Some economists say Fed officials could be making a blunder that risks reigniting inflation and undercutting their pledge to rely on the latest data when making rate decisions. “I think a rate ...
Simply sign up to the Global Economy myFT Digest -- delivered directly to your inbox. Central banks around the world are expected to lower borrowing costs as global inflation eases from the multi ...
First, inflation using the Personal Consumption Expenditures measure, which is the Federal Reserve’s preferred measure when making decisions: PCE inflation rates over time. Put succinctly ...
Remember when inflation was “transitory”? “We have in recent months seen some inflation,” Treasury Secretary Janet L. Yellen said in June 2021, adding that the United States would probably ...
In November, a Cabinet Minister reportedly stated at a press conference that the Reserve Bank of India (RBI) should focus on growth and not be concerned with food price inflation. Though the ...
Rachel Reeves has repeatedly told us that Labour will not play "fast and loose" with the public finances but is the government playing fast and loose with inflation? At 2.6%, the inflation rate is ...
The Federal Reserve’s preferred inflation gauge moved slightly higher in November — but not as much as economists were expecting, an indication that price hikes aren’t accelerating in a ...
But what economists call “soft landings” – when an economy slows just enough to curb inflation, but not enough to cause a recession – are only soft until they aren’t. As we turn to 2025 ...
Economists raised their projections for US inflation next year on tariff concerns and now expect one less interest-rate cut from the Federal Reserve than they anticipated a month ago. According to ...
The Federal Reserve’s preferred measure of underlying inflation was muted in November, a step in the right direction for policymakers looking to cut interest rates further in 2025. The so-called ...
But the real way to think about Wednesday’s monetary news is that the Fed now all but admits it has underestimated the staying power of inflation. In September, Fed Chairman Jerome Powell ...