Inflation is heating back up, and economists fear the stickiest drivers of rising prices are getting harder to scrub away. The unwelcome surprises now have forecasters eyeing fewer cuts, closer to the ...
The Federal Reserve is expected to hold interest rates steady this week — and possibly for months to come — as policymakers ...
The current inflation rate is 3.5%, with shelter, motor vehicle insurance and energy the current main contributors. * Prices have risen 20.4% since the pandemic-induced recession began in February ...
"The hot inflation readings through March should write off any rate cuts in the first half of 2024," said Nationwide Senior ...
The still-elevated price levels pose a challenge for the Biden administration, which has sought to claim credit for inflation ...
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden ...
The Federal Reserve’s preferred inflation ... up from 2.5% in February, according to the BEA. The March PCE report adds to other recent concerning economic data, such as a report from the BEA on ...