Central bankers were widely expected to leave borrowing costs at a level between 5.25 and 5.5 percent, the highest in 23 ...
"The hot inflation readings through March should write off any rate cuts in the first half of 2024," said Nationwide Senior ...
Inflation remained stubbornly high last month, but it hasn’t stopped Americans from spending. The Personal Consumption Expenditures price index — a closely watched inflation gauge favored by ...
The FOMC said that 'in recent months, there has been a lack of further progress' on lowering inflation to the Fed's 2% goal.
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the ...
Prices for food, rent, gas and other necessities are running roughly 20 percent to 30 percent higher than they were four ...
Federal Reserve (Fed) officials are poised to keep interest rates steady for a sixth consecutive meeting and signal no plans ...
Inflation may have tumbled from multi-decade highs on both sides of the Atlantic, but progress has stalled in the United ...
The U.S. manufacturing activity sentiment missed expectations in April. After a brief uptick in March, activity retraced back into contraction, according to the Institute for Supply Management (ISM).