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Fed’s Preferred Inflation Gauge Cooled Overall
The Fed’s Preferred Inflation Gauge Cooled Overall in September
Overall inflation slowed in September from a year earlier, though some signs of stubbornness lingered under the surface.
The Fed’s favorite inflation index just cooled again
Inflation
has slowed further and is just a hair’s breadth from the Federal Reserve’s 2% target. The Personal Consumption Expenditures price index, which is the
Fed
’s preferred
inflation
gauge, showed prices rose 2.1% for the year ended in September ...
Total PCE Inflation Gets Closer To The Fed’s 2% Target
U.S. consumer inflation got closer to the Federal Reserve’s 2% target in September 2024 when year-on-year total Personal Consumption Expenditure inflation fell to 2.1%.
Election Day, a Fed rate cut, and more AI earnings
What This Week's Fed Rate Cut Could Mean for Your Money
The Fed made a 0.5% rate cut on Sept. 18 and is projecting a smaller 0.25% cut on Nov. 7. Though one single interest rate cut won't immediately affect your wallet (nor drastically shake up the economy at large), the government's monetary policy and overall economic outlook will impact your money over the long term.
Fed eyes another rate cut
No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is
Dollar ticks lower as US election, likely Fed rate cut loom
The dollar slid on Monday as investors braced for a potential pivot this week for the global economy as the United States chooses a new leader, and as it likely cuts interest rates again with major implications for bond yields.
CBS News on MSN
4d
PCE index, the Fed's preferred inflation measure, drops to 2.1%. Here's what it means for interest rates.
Given the surge in post-pandemic
inflation
, the fact that headline
inflation
now sits just a tenth of a percentage point ...
1d
Not Only Would Banks Not Cause Inflation, They Could Not Cause It
It’s so easily forgotten that banks earn dollars. This is important in light of the truth about actual inflation: it’s a ...
16h
Despite sharp decline, inflation remains a sore point for Harris
After two recessions, a period of punishing interest rates imposed by the
Fed
and its firmer commitment to
inflation
...
The Associated Press on MSN
4d
Inflation gauge closely watched by the Fed falls to lowest level in over 3 years
That is barely above the
Fed
's 2%
inflation
target and in line with readings in 2018, well before prices began surging ...
4d
Fed's favored inflation gauge showed price growth continued to slow in September
An
inflation
gauge closely watched by Federal Reserve policymakers continued to slow in September, as the pace of price ...
AgWeb
7h
Malanga: Strong GDP Growth Amid Inflation, Fed Rate Cuts Expected but Fiscal Concerns Loom
The Federal Reserve is expected to cut rates, though Malanga signals future economic stability may be threatened by ...
CNET on MSN
11h
Why This Week's Fed Meeting Might Not Matter as Much as Next Year's
The Federal Open Market Committee is meeting Nov. 6 to 7 and again in December. After making a larger, half-percent cut in ...
CNN on MSN
4d
Trump’s former pick to join the Federal Reserve has proposed a radical solution to solve inflation
Currently, the
Fed
targets a stable
inflation
rate, where prices rise at a slow-but-steady pace of just 2%. It’s supposed ...
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