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Fed's Preferred Inflation Measure Remains Stubbornly High
Inflation Proved Stubborn in October, Fed’s Preferred Metric Shows
The Federal Reserve’s preferred inflation measure remained above the central bank’s 2% target pace in the year through October, as progress on slowing price growth appears to have stalled in late 2024.
The Fed's Preferred Inflation Measure Remains Stubbornly High
Fed officials had been hoping this fall for a clean downtrend in inflation, allowing them to focus more fully on preventing an economic downturn. The data hasn't cooperated. Over the 12 months through October,
U.S. inflation gauge ticks higher with price pressures remaining stubborn
U.S. inflation gauge ticks higher with price pressures remaining stubborn.
Big Tech, inflation and Wall Street
Wall Street drops after inflation data, led lower by Nasdaq, tech stocks
Wall Street's main indexes fell on Wednesday, with the Nasdaq leading declines as technology stocks slumped on Thanksgiving eve on worries the Federal Reserve may be cautious about rate cuts after stubbornly strong U.
Big Tech Losses Pull US Stock Market Down as Inflation Gauge Ticks Higher
Wall Street experienced a rocky Wednesday morning as losses in Big Tech stocks countered broader market gains as a key inflation gauge ticked higher. Ahead of the inflation report, despite a largely positive performance across most sectors,
Stock market today: Wall Street wavers as Big Tech stocks fall
Stocks wavered in afternoon trading on Wednesday, as losses for several Big Tech companies offset gains elsewhere in the market. The S&P 500 fell 0.4% in afternoon trading, even though more stocks were rising than falling in the index.
Balloon inflation for Macy's Thanksgiving Day Parade in NYC
Thanksgiving parade 2024 balloon inflation: Where to see in person in NYC Wednesday
For spectators who want to see the Macy’s Thanksgiving Day Parade balloons without the same crowds (and rain) that are likely on Thursday, the balloon inflation on Wednesday afternoon is always a popular option.
LIVE
Watch live: Balloon inflation for Macy's Thanksgiving Day Parade in NYC
The iconic balloons are coming to life for the 2024 Macy's Thanksgiving Day Parade in New York City. CBS News New York is hosting its annual Thanksgiving Eve Celebration live from the inflation zone in Central Park.
Massive Balloons Take Shape Ahead of the Macy’s Thanksgiving Day Parade
The massive helium balloons that will float through New York City for the Macy’s Thanksgiving Day Parade have been filled with helium ahead of the big event
Fed, rates and Inflation
Inflation rate climbs for the first time since the summer. Fed weighs how much to cut rates.
The rate of inflation rose in October and moved further away from the Federal Reserve’s 2% goal, confirming a recent uptick in prices that could cajole the central bank to cut interest rates less aggressively.
Federal Reserve officials signal cautious path for rate cuts amid still-high inflation
With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves
Fed officials cautious about cutting interest rates too quickly
With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves. Even if inflation continued declining to the Fed's 2% target,
5h
PCE Inflation Report: October Price Growth Remained Stubborn
The Bureau of Economic Analysis releases the latest reading of its personal consumption expenditures price index on Wednesday ...
7h
on MSN
US consumer price increases accelerated last month with inflation pressures resilient
Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has ...
8h
US consumer spending rises solidly, inflation appears stuck above Fed target
U.S. consumer spending increased slightly more than expected in October, suggesting the economy retained much of its solid ...
9h
on MSN
Stock market today: Indexes traded mixed as investors await fresh inflation data
Traders are eyeing potentially hotter inflation, and dialing back their bets for Fed rate cuts into next year.
CNET
10h
Here's What a Second Trump Term Means for Inflation, Taxes and Student Loans
Not all of Trump's policy details are spelled out, and many require congressional approval. While it's impossible to know all ...
10h
'Inflation fatigue' to spur shoppers to spend cautiously on Black Friday weekend, experts project
Holiday retail spending nationwide is expected to grow modestly this year with consumers still shell-shocked over recent ...
17h
Markets gain ahead of US inflation data
Most stock markets in the Gulf rose in early trading on Wednesday, as investors' focus shifted to key inflation data from the ...
6h
on MSN
American consumers say they're struggling. Tariffs will make inflation much worse.
Donald Trump campaigned on a promise of taming inflation but the tariffs he announced Monday will likely stoke it even before ...
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