Wholesale prices fell 0.5% in October for biggest monthly drop since April 2020
Wholesale prices in October posted their biggest decline in 3½ years, providing another indication that the worst of the inflation…
Here’s the inflation breakdown for October 2023 — in one chart
Inflation declined in October, continuing a broad slowdown as gasoline prices retreated during the month. However, price pressures remain under…
Inflation was flat in October from the prior month, core CPI hits two-year low
Inflation was flat in October from the previous month, providing a hopeful sign that stubbornly high prices are easing their…
Former St. Louis Fed president says the FOMC still has ‘a ways to go’ on inflation
Former St. Louis Fed President Jim Bullard says the Federal Reserve still has “a ways to go” in fighting inflation…
UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession
UBS expects the U.S. Federal Reserve to cut interest rates by as much as 275 basis points in 2024, almost…
Consumer spending fell in October, according to new CNBC/NRF Retail Monitor tracking card transactions
The consumer took a spending break ahead of the holiday season, with October retail sales, excluding autos and gas, falling…
Moody’s cuts U.S. outlook to negative, citing deficits and political polarization
Moody’s Investors Service on Friday lowered its ratings outlook on the United States’ government to negative from stable, pointing to…
Fed’s Mary Daly says it’s ‘too early to declare victory’ on inflation
Tighter monetary policy is helping bring down the pace of inflation but not to a level where policymakers should feel…
