Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and energy prices.
After a two-day meeting of its monetary policy committee in Washington, the Fed announced it would hold its rate target at 4.25% to 4.50%.
Federal-funds futures on Wednesday were pointing to the Federal Reserve keeping its benchmark ... after an inflation reading from the consumer-price index was released at 8:30 a.m. Fed-funds ...
(Bloomberg) -- Federal Reserve Bank of Richmond President ... earlier Wednesday that showed the so-called core consumer price index, which excludes food and energy costs, increased a less-than ...
On a "core" basis, which strips out the more volatile costs of food and gas, the December Consumer Price Index (CPI ... latest economic data that the Federal Reserve will consider before its ...
The consumer price index, an inflation gauge ... However, it remains above the Federal Reserve's target. The central bank aims for a 2% annual rate over the long term. The Fed also uses another ...