Fed, inflation and interest rates
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President Donald Trump said December inflation data supports his calls for Federal Reserve Chair Jerome Powell to cut interest rates after CPI showed 2.7% annual price growth.
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The Current Inflation Rate Is 2.7%. Here's How That Could Affect This Leading Retail Stock.
The inflation rate has stubbornly refused to fall to the Fed's goal of 2%. Costco's business model makes it less sensitive to inflation than other retailers. The stock fell in line with the broad market when inflation spiked in 2022. 10 stocks we like ...
The latest inflation figures are an important piece of the puzzle for the Reserve Bank ahead of its next interest rate decision in February.
So-called core inflation, or CPI data that excludes volatile food and energy prices, rose by 2.6% over the past 12 months, according to the Bureau of Labor Statistics. Economists polled by FactSet had predicted a 2.7% increase for that measure.
Discover how exchange rates influence the economy, affecting job markets, inflation, and costs of goods. Learn about their indirect impacts on everyday life.