Inflation has cooled notably, but a pickup in annual price increases underscores that it is not fully back to normal.
The latest producer price index numbers were released on Thursday morning, a day after the consumer price index showed ...
The Federal Reserve might not see much more inflation relief before it decides next month whether to keep cutting interest ...
Federal Reserve Chair Jay Powell said the central bank does not need to be 'in a hurry' to lower interest rates, and that the ...
Fed policymakers on Wednesday held open the door to a go-slower approach, in the face of data showing the labor market ...
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Powell's comments come as investors seek hints of the Fed's intended easing path after a 25 basis point cut last week.
But prices spiked in the pandemic, and the annual inflation rate reached a 40-year high of 9.1% in mid-2022. The Fed stepped in, raising interest rates dramatically in 2022 and 2023 to cool the ...