Inflation remains stubborn as wholesale prices accelerate after Fed rate cuts
Wholesale prices in the US rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure. Thursday’s report from the Labor Department showed that its producer price index — which tracks inflation before it hits consumers — rose 0.
Jerome Powell Announces Interest Rate Cut After Inflation Cools
The Federal Reserve cut its benchmark interest rate by a quarter-point to between 4.5 and 4.75 percent on Thursday.
Inflation endured in October, CPI report shows. What happens next with interest rates?
Forecasters had expected lingering inflation in October. How will the new numbers affect the next Federal Reserve decision on interest rates?
PPI Inflation Rose in October
Getting inflation back down to 2% is proving to be a grind. Prices paid to producers for their output climbed by 0.2% last month and 2.4% in the 12 months through October, an uptick from the rate in September,
Inflation Rose in October, Raising Concerns for Fed Rate Cuts
October's annual inflation rate ticked up for the first time in seven months, after more than two years of gradual cooling.
Inflation Rose Slightly in October, But Two-Year Downward Trend Remains
Higher prices on rent, used cars and air fares contributed to a statistical bump in the Labor Department's measures of inflation, which most affect consumers.
Inflation cooled off in October
The Consumer Price Index, one inflation measure, increased 3.2% over the year in October, a smaller year-over-year increase than in September.
Inflation Report Keeps December Rate Cut in Play
The October consumer-price index keeps the door open for Federal Reserve officials to cut interest rates at their meeting next month. A monthly rise of 0.28% in prices, excluding volatile food and energy items,
Jobless claims fall to lowest level in 6 months, following drop in interest rates, inflation
The Labor Department reportedt hat jobless claim applications fell by 4,000 to 217,000 for the week of Nov. 9 — less than the ...
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Why Trump’s return could spark another bout of inflation and delay interest rate cuts
Inflation is likely to rise in the United States and around the world if newly elected US President Donald Trump follows ...
Trump has promised lower interest rates. That will be largely out of his control
While Trump has sought to pressure the Fed to cut rates, consumer rates on mortgages and other loans are determined by a ...
UPI News on MSN7d
Fed cuts interest rates by quarter point as economic expansion continues at solid pace
The Federal Reserve Thursday lowered interest rates for the second time this year, cutting the federal lending rate by a ...
US election: Inflation, interest rates and the pound - how Trump win could impact your money
Millions of UK households are expected to pay the price of Donald Trump’s victory in the United States Presidential ...
Trump tariffs loom over Bank of England's best-laid rate cut plans
Bank of England Governor Andrew Bailey stuck to his script outlining gradual interest rate cuts on Thursday, but Donald Trump ...
US Fed To Debate Rate Cut In Shadow Of Presidential Election
The US Federal Reserve is widely expected to cut interest rates again this week, while votes are being counted in one of the ...
Los Angeles Times7d
Is Savings Account Interest Taxable?
In the United States, interest is treated like any ... t send you a form listing your taxable interest. Your interest income tax rate is the same rate for your other forms of income, ...
Channel NewsAsia Singapore6d
US, UK and Sweden pile on rate cuts
Here's where major rate-setters stand and what traders expect next ... expected in October and could pick up further in the ...
USA Today8d
Wells Fargo savings account interest rates: 2024
Wells Fargo is one of the largest banks in the United States ... These accounts come with a fixed interest rate for the duration of their renewal term. You can open a Wells Fargo Special Fixed ...