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Why won’t the Fed cut rates in July? Its favorite inflation gauge is telling it not to.
The inflation gauge the Federal Reserve relies on most to decide whether to raise or lower U.S. interest rates is likely to cement a decision by the central bank to stand pat at its next meeting at the end of July.
What is clear is that the current 4.33% median Fed funds target rate remains well above the inflation trend. Even after the ...
Rising prices across an array of goods from coffee to audio equipment to home furnishings pulled inflation higher in June in ...
The producer price index for total final demand was unchanged in June, the Bureau of Labor Statistics reported.
CPI data reveals inflation trends, with core at 2.9%. Service sector inflation rises, suggesting the Fed may hold rates ...
The Indian rupee fell on Wednesday as the latest U.S. inflation report showed that tariffs were beginning to feed into prices ...
Inflation rose last month to its highest level in four months as the cost of gas, food, and groceries rose, reversing several ...
A busy week ahead for investors will see inflation data, the debate about the Fed's next move, and the start of second ...
The year-over-year inflation rate surged to 2.7% in June from 2.4% in May, surpassing the forecast. Tariff effects were mixed in the new report. The Federal Reserve could use the new reading to help ...
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