Inflation ticked up in Dec., CPI report shows
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Wall Street traders betting on Federal Reserve rate cuts might want to pump the brakes. Bloomberg Chief U.S. Economist Anna Wong is throwing cold water on market optimism following Fed Chair Jerome Powell’s latest speech, and her data tells a compelling ...
Dec 1 (Reuters) - Chicago Federal Reserve President Austan Goolsbee said on Friday he believes inflation is "on track" to reaching the U.S. central bank's 2% target, driven in coming months by what he expects to be a decline in housing inflation.
NBC News is tracking changes in the prices of eggs, bread, ground beef, chicken and other grocery items to monitor the impact on consumers’ food bills.
Key insight: Inflation cooled slightly but continued upward in September, climbing 0.3% after August's 0.4% gain. Supporting data: Prices rose 3.0% year over year, tracking with the increase in core CPI. Gasoline jumped 4.1%, while shelter rose 0.2%, its ...
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Fed faces divided views ahead of rate decision
The Fed’s go-to inflation tracker dropped more than expected in September, putting more heat on rate-cut bets ahead of next week’s policy call. The Commerce Department said Friday that core PCE, which leaves out food and energy, went up 0.2% on the ...
The Federal Reserve’s favorite inflation tracker for interest rate cuts sparks new debate. It all adds up. The sticker shock zapping your wallet while buying beef for the Labor Day cookout (thus prompting that menu switch to chicken) is linked to whether ...
While 2015 might feel like just yesterday — especially to those 40 and older — it was a whole 10 years ago. And $100 back in 2015 won’t buy nearly the same things as $100 in 2025. Let’s break down what $100 is worth today vs. 10 years ago, and some ...
Prices for 30 iconic Cincinnati products have risen 9.9% in the last two and a half years, outpacing national inflation. The cost of dining out at local staples like Skyline and Izzy’s has seen double-digit price hikes. Six items, including UDF milk and ...