Inflation appeared to once again be on the right track for the Federal Reserve’s 2% goal, according to the latest data from the Bureau of Labor Statistics (BLS). However, economists are feeling uncertain about whether the trend will continue as the economy faces potential fallout from geopolitical issues—most notably, the war in Iran. The BLS’s…
January appears to be looking up in terms of inflation as the latest data from the Bureau of Labor Statistics saw the Consumer Price Index (CPI) hit a low for both inflation and core inflation. The CPI for January saw a 0.2% increase in the all items index, landing annual inflation at 2.4%. This is…
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Despite a hopeful moment of decline in November, inflation looks to be stagnant in December, remaining paused from hitting the Federal Reserve’s 2% goal, according to the latest Bureau of Labor Statistics data. The Consumer Price Index (CPI) for December saw a slight increase of 0.3% for the all items index, landing at 2.7% annual…
The Personal Consumption Expenditures (PCE) Index, which is the Federal Reserve’s preferred gauge of inflation, rose to 2.8% in September on an annual basis. According to data from the Commerce Department released Dec. 5, core PCE rose 0.2% over the previous month. The report, delayed by the government shutdown, seemingly gives a further green light…
Federal Reserve Governor Lisa Cook pointed to tariffs as the cause of a recent rise in inflation data during a Nov. 3 speech on economic outlook and monetary policy. During her speech, Cook noted the rise in inflation as of the September PCE report, which saw annual inflation hit “significantly” above the Fed’s 2% inflation…
Uncertainty is in the air as the government shutdown persists, with many on edge waiting for the Federal Reserve’s next meeting and a potential interest rate cut. Despite the delay of most government data releases that help the Fed determine rate cut decisions, the latest Consumer Price Index—an inflation gauge from the Bureau of Labor…