Inflation, which began surging a year and a half ago as the economy bounced back from 2020's coronavirus recession, still remains well above the 2% year-over-year growth the Fed wants to see.
WASHINGTON — A measure of inflation closely watched by the Federal Reserve slowed last month, another sign that a long surge in consumer prices seems to be easing.
On a month-to-month basis, prices rose 0.1% from October to November after rising 0.4% the previous month. Core prices rose 0.2%. The central bank has raised its benchmark interest rate seven times since March in an attempt to bring consumer prices under control. “We expect a deceleration in household spending as the Fed hikes rates further in 2023,'' Rubeela Farooqi, chief U.S. economist at High Frequency Economics, wrote in a research note.The Fed is believed to monitor the Commerce Department's inflation gauge that was issued Friday, called the personal consumption expenditures price index, even more closely than it does the Labor Department's better-known consumer price index. CPI rose 7.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
How the Federal Reserve affected 2022's stock marketThe Federal Reserve has emerged as a leading force in the stock market, bolstered by the central bank’s adoption of two unconventional policy tools in the 2000s – large-scale asset purchases and forward guidance. Watch the full video:
Consulte Mais informação »
An inflation meaasure watched by the Fed eases to 5.5%WASHINGTON (AP) — A measure of inflation closely watched by the Federal Reserve slowed last month, another sign that a long surge in consumer prices seems to be easing. Friday's report from the Commerce Department showed that prices rose 5.5% in November from a year earlier, down from a revised 6.1% increase in October and the smallest gain since October 2021.
Consulte Mais informação »
Gold Price Forecast: XAU/USD licks its wounds ahead of Federal Reserve’s preferred inflationGold price (XAU/USD) makes rounds to $1,793 as bears take a breather after a two-day losing streak during Friday’s sluggish morning. Even so, the yell
Consulte Mais informação »
Breakingviews - Missing jobs mystery puts Fed on back footThere’s a conundrum in the United States’ labor market. A study published by the Philadelphia Federal Reserve last week said 10,500 new jobs were added in the second quarter of 2022. Yet the national statistics bureau had previously reported a total over the same period of more than 1 million. Those seemingly missing jobs put the Federal Reserve, which uses the job market as a signal in its fight against inflation, on the back foot.
Consulte Mais informação »