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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 ...
26m
Inflation hangover gives Trump traction
Inflation and interest rates are falling much more quickly in the US than in Australia, but Donald Trump still relies on ...
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 ...
18h
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 since early 2021
As a presidential race profoundly shaped by Americans’ frustration with high prices nears its end, the government said ...
CNET on MSN
13h
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 ...
Seeking Alpha on MSN
1d
Fed is expected to cut borrowing costs amid mixed data
Fed
officials likely will cut interest rates by a quarter percentage point on Thursday as the
inflation
rate keeps ...
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