Housing costs were up 5.4 percent in May from a year earlier, the smallest increase in more than two years. But monthly progress has slowed.
Category: Inflation (Economics)
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Food Inflation Eased Again, Welcome News for Shoppers
Although food price gains have cooled, prices remain much higher than they were several years ago, squeezing consumers.
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Cooling Inflation Revives Biden’s Hope of Rate Cuts
The chances of at least one pre-election cut appeared to be helped by a new inflation report.
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CPI Data Will Arrive Just Before the Fed Meets. Will It Be a Game Changer?
Federal Reserve officials are poised to announce their rate decision and economic projections mere hours after the latest inflation release.
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CPI Data Will Arrive Just Before the Fed Meets. Will It Be a Game Changer?
Federal Reserve officials are poised to announce their rate decision and economic projections mere hours after the latest inflation release.
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What to Watch as the Fed Meets
Federal Reserve officials are expected to leave interest rates unchanged, and will release fresh estimates of how many cuts could come this year.
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World Bank Sees Rosier Growth Outlook
But rising trade barriers pose a long-term threat to global output as protectionist policies spread, the bank said.
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Fed Is in No Rush to Cut Rates as Economy Holds Up
Federal Reserve officials are expected to leave interest rates unchanged at their meeting this week. They will also release a fresh set of economic projections.
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European Central Bank Lowers Interest Rates to 3.75%, Its First Cut in Five Years
The European Central Bank’s new interest rate, its first cut in five years.
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European Central Bank Cuts Interest Rates for First Time Since 2019
The reduction comes as inflation in the eurozone cools, prompting the E.C.B. to move before the Federal Reserve in the United States, where rates remain high.
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Europe’s Fed Problem
The European Central Bank is widely expected to cut interest rates on Thursday. But how low it can go may ultimately depend on the Federal Reserve.
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E.C.B. Is Likely to Leapfrog the Fed on Interest Rate Cuts
With eurozone inflation falling, the European Central Bank has signaled it is ready to lower rates this week, diverging from the U.S. Federal Reserve.