Hosted on MSN15d
US inflation rises to 2.9%, far above Fed’s target. Bitcoin is in major trouble
The latest Consumer Price Index (CPI) figures for December have rattled markets, throwing the Federal Reserve’s inflation strategy into question. The U.S. Department of Labor reported a 0.4% increase ...
US inflation picked up in December but underlying price pressures eased
U.S. inflation accelerated last month as prices for gas, eggs, and used cars rose, yet underlying price pressures also showed signs of easing, bolstering hopes that the Federal Reserve could still cut ...
The US economy just had another robust year
Another year of robust economic growth is in the books, underscoring how the Biden administration handed President Donald ...
One chart shows that low-income Americans get hit hardest by inflation
The dynamic is reflected in the chart below, which shows low-income inflation increases outpacing those for the other four ...
Hosted on MSN15d
US consumer inflation rises to 2.9 percent in December
US consumer inflation rose for a third straight month in December ... up from 2.7 percent in November, the Labor Department said in a statement. This was in line with the median forecast of economists ...
Federal Reserve holds interest rates steady amid inflation uncertainty
The Federal Reserve held interest rates steady at its January meeting following three consecutive rate cuts amid uncertainty ...
Fed hits pause on interest rate cuts amid Trump’s flurry of economic plans
Consumers and traders are waiting to learn if the Fed’s pause is a one-meeting hold or the start of a longer stretch.