Fed’s Waller wants more evidence inflation is cooling before cutting interest rates
Federal Reserve Governor Christopher Waller said Thursday he will need to see more evidence that inflation is cooling before he…
Turkey ends hiking cycle after 8 months, holding key rate at 45%
Turkey’s central bank held its key interest rate on Thursday, keeping it at 45% despite soaring inflation after eight consecutive…
Fed officials expressed caution about lowering rates too quickly at last meeting, minutes show
WASHINGTON – Federal Reserve officials indicated at their last meeting that they were in no hurry to cut interest rates…
Bank of England rate cuts likely later but larger, Goldman Sachs says
The Bank of England is likely to hold interest rates higher for longer before slashing them more sharply than expected…
January wholesale prices rise more than expected, another sign of persistent inflation
Wholesale prices rose more than expected in January, further complicating the inflation picture, according to a U.S. Department of Labor…
Retail sales tumbled 0.8% in January, much more than expected
Consumer spending fell sharply in January, presenting a potential early danger sign for the economy, the Commerce Department reported Thursday.…
Deflation: Here’s where prices fell in January 2024, in one chart
Inflation has pulled back significantly from its pandemic-era peak. In fact, some categories have fallen into outright deflation, meaning consumers…
Lael Brainard slams food companies for ‘shrinkflation’ as White House attacks price gouging
National Economic Council Director Lael Brainard on Tuesday blamed higher consumer prices on “shrinkflation,” doubling down on the latest battlefront…
Here’s the inflation breakdown for January 2024 — in one chart
Inflation declined in January and consumers’ buying power rose as price pressures for U.S. goods and services continued to ease.…
Prices rose more than expected in January as inflation won’t go away
Inflation rose more than expected in January as stubbornly high shelter prices weighed on consumers, the Labor Department reported Tuesday.…
