Inflation ticked up in Dec., CPI report shows
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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.
Inflation may have cooled off from its peak of around 9% in 2022, but the beast has not been fully tamed. The Federal Reserve is aiming for a 2% inflation rate, and the central bank has resisted lowering interest rates further until it sees evidence that ...
The latest inflation figures are an important piece of the puzzle for the Reserve Bank ahead of its next interest rate decision in February.
The annual inflation rate hit 2.7 percent in December, according to data released Tuesday by the Bureau of Labor Statistics (BLS). The new consumer price index (CPI) data showed inflation holding
Inflation in Mexico hit its lowest year-end rate since the pandemic-induced recession of 2020, driven in part by low produce prices.
Discover how exchange rates influence the economy, affecting job markets, inflation, and costs of goods. Learn about their indirect impacts on everyday life.