Fed officials still think their next move will be to cut rates, but they are not entirely ruling out the possibility that they might have to raise them.
Category: Consumer Price Index
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Powell Suggests Interest Rates Could Stay High for a Longer Period
The Fed chair, along with the central bank’s No. 2 policymaker, stressed uncertainties over job growth and the persistence of elevated inflation.
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3 Facts That Help Explain a Confusing Economic Moment
The path to a “soft landing” doesn’t seem as smooth as it did four months ago. But the expectations of a year ago have been surpassed.
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Biden’s Plan B on Inflation: Turn It Against Trump
Price pressures aren’t easing fast enough to guarantee the interest-rate cuts the president hoped to see by November, so his message is evolving.
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Inflation Was Quicker Than Expected in March, Unwelcome News for the Fed
The surprisingly stubborn reading raised doubts about when — and even whether — the Federal Reserve will be able to start cutting interest rates this year.
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Housing Costs Continued to Rise Faster than Before the Pandemic
It will be difficult for the Federal Reserve to rein in inflation fully if shelter costs continue to run hot.
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Wall Street’s Big Rethink on Interest Rate Cuts
Investors see Wednesday’s Consumer Price Index report as a pivotal report card on inflation and the Federal Reserve’s next move.
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Email ‘Mistake’ on Inflation Data Prompts Questions on What Is Shared
Traders are closely watching once-obscure economic data, prompting more scrutiny of how widely the government distributes the information.
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Inflation Ticked Up Last Month, Backing the Fed’s Caution on Rate Cuts
Consumer prices climbed 3.2 percent last month from a year earlier, down notably from a 9.1 percent high in 2022, but still quicker than the roughly 2 percent that was normal before the pandemic.
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Auto Insurance Spike Hampers the Inflation Fight
Costlier vehicles and repairs are pushing premiums higher even as the increase in U.S. consumer prices is tapering overall.
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Rents Are Falling. So Why Isn’t That Showing Up in Inflation Data?
Pandemic disruptions may have muddled the measurement of home prices in government data. That could complicate the Fed’s course on interest rates.
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A Hot CPI Report Forces a Rethink of Chances of a Soft Landing
Worries of higher-for-longer interest rates have grown since Tuesday’s Consumer Price Index report.