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Dow Jones Climbs as Fed’s Preferred Gauge of Inflation Hits the Mark
The Dow Jones (DJIA) is set to open Friday’s trading session higher as investors digest the latest inflation reading. Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, ...
4 Fed officials strike hawkish tone on rate cuts, citing inflation concerns
Kansas City Federal Reserve president Jeff Schmid said Friday he preferred to hold interest rates steady at this week’s ...
AOL
Inflation held steady in February, according to Fed's preferred gauge
Inflation held steady in February compared to a year ago, according to a release from the Federal Reserve's preferred gauge of price increases. The reading matched economists' expectations. Consumer ...
Inflation May Have Ticked Up In August. The Fed Is Watching Closely.
The Federal Reserve lowered interest rates by a quarter point last week, but officials said they want to see more progress on inflation before committing to a more aggressive easing cycle. A key ...
The Fed’s Recent Rate Decisions Have Been Divisive. It Is Likely to Get Worse.
The last three policy votes have featured some form of dissent, as officials grapple with how to weigh a softening labor ...
Kansas City Fed’s Schmid wanted to hold rates steady this week on inflation concerns
Kansas City Federal Reserve president Jeff Schmid said Friday he preferred to hold interest rates steady at this week’s policy meeting because he’s more concerned that inflation is “too high” than he ...
CPI, PPI Data Signal Benign August Result for Fed’s Preferred Inflation Gauge
With August data for both the CPI and the producer price index proving fairly soft for August, economists expect the Fed’s preferred inflation gauge to remain unchanged at the next reading. Economists ...
NBC News
Key Fed inflation gauge cools to its slowest rate in over three years
An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three years. The core personal consumption expenditures ...
WSPA
Fed’s favored inflation gauge accelerates slightly in August
WASHINGTON (AP) — The Federal Reserve’s favored inflation gauge accelerated slightly in August from a year earlier. The Commerce Department reported Friday that its personal consumption expenditures ...
Fed Lowers Key Interest Rate as Hiring Slows, Inflation Persists
The rate cut could gradually reduce costs for mortgages, credit cards, auto loans, and business borrowing, offering some ...
Arkansas Democrat-Gazette
Fed-favored gauge shows inflation up
WASHINGTON -- The Federal Reserve's favored inflation gauge accelerated slightly in August from a year earlier. The Commerce Department reported Friday that its personal consumption expenditures (PCE) ...
Wall Street Journal
There Is More Than One Way to Measure Inflation
The consumer-price index is a closely watched gauge of what everyday Americans pay for goods and services, but it’s not what policymakers at the Federal Reserve look at most carefully. The Fed’s ...