US Inflation Cooled in May
WASHINGTON — Inflation in the United States eased in May for a second straight month, a hopeful sign that a pickup in prices that occurred early this year may have passed.
Employers Added a Robust 272,000 Jobs in May
WASHINGTON — America’s employers added a vigorous 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring.
Inflation Gauge Rises at Slowest Pace This Year
WASHINGTON — A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year.
Inflation Eased in April in the First Slowdown of 2024
WASHINGTON — Consumer inflation in the U.S. cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve.
Fed’s Powell: Elevated Inflation Will Likely Delay Rate Cuts
WASHINGTON — Federal Reserve Chair Jerome Powell cautioned April 16 that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year.
Consumer Sentiment Falls Slightly in April
WASHINGTON — Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely unchanged this year.
Higher Gas and Rents Keep Inflation Elevated
WASHINGTON — Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said April 10.
Fed Holds Fast on Interest Rate, Still Sees 3 Cuts in 2024
WASHINGTON — Federal Reserve officials kept their benchmark interest rate unchanged but signaled March 20 that they still expect to cut their key interest rate three times in 2024.
Inflation Rises 0.4% in February
WASHINGTON — Consumer prices picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s re-election campaign.
Consumer Sentiment Index Edges Higher in February
WASHINGTON — A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy.