Rise In October Consumer Inflation Not Enough To Stop Fed Rate Cuts
Consumer inflation accelerated in October 2024. However, the odds of a Federal Reserve interest rate cut on December 18 are still high.
Inflation rate climbs for the first time since the summer. Fed weighs how much to cut rates.
The rate of inflation rose in October and moved further away from the Federal Reserve’s 2% goal, confirming a recent uptick in prices that could cajole the central bank to cut interest rates less aggressively.
Everyday Economics: Is a Fed rate cut still in the cards for December?
The labor market, while slowing, remains resilient. Initial claims – an established predictor of changes in the level of unemployment – have been trending downward. The four-week moving average of initial claims has been falling since Oct.
Fed’s preferred inflation gauge ticked higher to 2.8% — stoking doubts on December rate cut
The latest inflation data will likely reinforce the central bank’s cautious approach when it meets to decide on cutting interest rates next month.
Fed’s Favored Inflation Metric Ticked Up To 6-Month High In October
The core PCE inflation measure is half of its 2022 peak, but it’s higher than it ever was from 1994 to 2020 as price increases continue to plague consumers.
Inflation Proved Stubborn in October, Fed’s Preferred Metric Shows
The Federal Reserve’s preferred inflation measure remained above the central bank’s 2% target pace in the year through October, as progress on slowing price growth appears to have stalled in late 2024.
Eurozone Inflation Heads Back Over Target But Fresh Rate Cuts Remain Likely
Inflation rose above the European Central Bank’s target in the eurozone this month, though likely not enough to deter policymakers from cutting interest rates for a third straight meeting next month.
Fed's Powell may have made US monetary policy boring again
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Fed's preferred inflation gauge rises to 2.3% annually, meeting expectations
Inflation edged higher in October as the Federal Reserve is looking for clues on how much it should lower interest rates, the ...
The Fed is Losing the Inflation Battle. Investors Don’t Care
Asset prices, meanwhile, have shrugged off all indication that the Fed’s inflation battle is moving in the wrong direction.
The Fed's Preferred Inflation Measure Remains Stubbornly High
Fed officials had been hoping this fall for a clean downtrend in inflation, allowing them to focus more fully on preventing ...
Fed's favored inflation gauge showed price growth picked up in October
The Commerce Department released data showing that PCE inflation ticked higher in October, though the Federal Reserve's ...
US economy holds firm in early Q4; inflation stuck above Fed's target
U.S. consumer spending increased slightly more than expected in October, suggesting the economy retained much of its solid ...
Charting the Global Economy: Sticky Inflation Backs Fed Caution
The Federal Reserve’s preferred inflation measure accelerated in October, helping explain US central bankers’ more cautious ...