A new GDP report Thursday and the expectation of a sticky inflation reading Friday should reinforce the Federal Reserve’s new wait-and-see approach on interest rates.
Since officials first cut rates in September, inflation has made uneven progress back down toward the central bank’s target. Meanwhile, investor expectations of inflation one and two y
Gallup’s annual Economy and Personal Finance poll found that, in 2024, respondents named inflation as the most important financial problem they face today. And despite some optimism that the economy will soon improve, a 2025 Allianz Life study found that 60% of Americans believe inflation will get worse this year.
The personal income and outlays report, which the Commerce Department will release on Friday morning, will provide detail on where inflation is heading, a key to the Federal Reserve's interest rate policy.
During his inauguration speech, President Trump promised to use his federal powers to "defeat what was record inflation and rapidly bring down costs and prices." Read More: Here's What
The Consumer Price Index report for January is expected to show broadly unchanged annual inflation according to nowcasts. That may be broadly good news for the Fed.
South Africa's producer inflation was at 0.7% year on year in December versus -0.1% in November, statistics agency data showed on Thursday.
These are today's mortgage and refinance rates. Mortgage rates are likely to remain elevated until inflation comes down further.
US stocks fall after the Fed held rates steady but suggested the inflation drop has stalled. Meta, Tesla and Microsoft report earnings after the bell.
President Donald Trump blasted Fed Chair Jerome Powell and the nation's central bank Thursday, blaming their actions for inflation and vowing to unleash American energy production to bring it down
The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which we steer the monetary policy stance – is based on our updated assessment of the inflation outlook,