Inflation is one of those economic terms that can cause worry lines on the faces of consumers, investors and government officials. The reason depends on what’s happening at the time in the economy, in Washington, on Wall Street and in financial capitals
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” wrote economists at Bank of America after the meeting. “The risk to our view is that they start the rate cut cycle later and start taper later. Upcoming inflation data will be an important determinant of what comes next.”
Today, the Federal Reserve held their interest rates at the current level of 5.25% to 5.50%, however, it likely will stay there for much longer.1Fed officials are content to keep the interest rate higher for longer on the back of surprisingly strong inflation data that has remained stubborn...
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Watch CBS News New data on U.S. inflationNew consumer price index data shows a slight cooling in prices for some sectors in the U.S. economy. Nicholas Jasinski, a senior writer at Barron's, joins CBS News with more on what prices fell for the month of September.Oct 11, 2024...
Easily calculate how the buying power of the U.S. dollar has changed from 1913 to 2025. Get inflation rates and U.S. inflation news.
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