Tag: inflation
Federal Reserve minutes: Policymakers saw a longer path to rate cuts
WASHINGTON (AP) – After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take...
U.S. inflation eased last month in the first slowdown of 2024
WASHINGTON (AP) – Consumer inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials...
Wholesale price increases accelerated in April as inflation remains sticky
WASHINGTON (AP) – U.S. wholesale prices rose sharply last month, a sign that inflation pressures remain stubbornly high after three elevated readings in consumer prices...
Are U.S. interest rates high enough to beat inflation? The Fed...
WASHINGTON (AP) – The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several...
U.S. consumer sentiment drops to 6-month low on inflation, unemployment fears
WASHINGTON (AP) – U.S. consumer sentiment fell sharply in May to the lowest level in six months as Americans cited stubbornly high inflation and...
Federal Reserve leaves interest rates unchanged
WASHINGTON (AP) – The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn't plan to...
Fed’s preferred inflation gauge shows price pressures stayed elevated last month
WASHINGTON (AP) – A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed's reluctance to...
U.S. growth slowed sharply last quarter to 1.6% pace
WASHINGTON (AP) – The nation's economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers...
Retail sales up a strong 0.7% in March from February, underscoring...
NEW YORK (AP) – Americans increased their spending pace in March at a better-than-expected pace than the previous month, underscoring how shoppers remain resilient...
Higher gas and rents keep U.S. inflation elevated, likely delaying Fed...
WASHINGTON (AP) – Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in...
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