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Fed holds interest rates steady, lowers forecast to just one cut in 2024 amid high inflation
USA TODAY via Yahoo Finance· 1 day agoA core PCE inflation reading that the Fed watches more closely is expected to hold steady at 2.8% by...
Inflation should have been higher under Trump than Biden. Why wasn’t it?
Tampa Bay Times· 1 hour agoLate economist and Nobel laureate Milton Friedman stated that the root cause of inflation is too much money chasing too few goods. The word “chasing” is important in that ...
Wholesale inflation cools more than expected in May
FOX Business· 4 hours agoInflation at the wholesale level moderated more than expected in May, the latest sign that price pressures within the U.S. economy are loosening their...
Inflation is still too high for the Fed. Here's how the rest of the economy doing
USA Today· 1 day agoThe Bureau of Labor Statistics released May's consumer price index just hours before the Fed's...
Here are the 'micro pockets' of deflation in May 2024 — in one chart
CNBC· 28 minutes agoWhereas inflation is a measure of how quickly consumer prices are rising, deflation is the opposite:...
Another positive sign for consumers: Wholesale inflation ticked down last month
CNN Business via Yahoo Finance· 3 hours ago“This is exactly what an economy looks like when the country enters a recession and it will be a...
US wholesale prices dropped in May, adding to evidence that inflation pressures are cooling
Associated Press via AOL· 4 hours agoThe Labor Department reported Thursday that its producer price index — which tracks inflation before...
UK inflation rate: How fast are prices rising?
BBC via AOL· 7 hours agoIn turn, this reduces demand for goods and slows price rises. But it is a balancing act - increasing borrowing costs risks harming the economy. For...
US Fed pencils in one interest rate cut this year
BBC via Yahoo Finance· 8 hours agoBut he said when a cut finally does come it would be “a consequential decision for the economy” which “you want to get right". While inflation eased a...
Wholesale Prices Fall, Offering More Good News On Inflation
International Business Times· 4 hours agoFor the second consecutive days the U.S. economy received good news on the inflation front in the...