Government, Business

Inflation Rose 3% in January on Sticky Price Pressures

Inflation accelerated last month as the cost of groceries, gas, and used cars rose, a trend that will likely underscore the Federal Reserve’s resolve to delay any further interest rate cuts.

Christopher Rugaber | Associated Press
February 12, 2025
Government, Business

US Inflation Ticked Higher in December

WASHINGTON — An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated.

Christopher Rugaber | Associated Press
January 31, 2025
Government, Business

Inflation Rose in December but Underlying Pressures Fell

WASHINGTON — U.S. inflation accelerated last month as prices for gas, eggs and used cars rose, yet underlying price pressures also showed signs of easing.

Christopher Rugaber | Associated Press
January 16, 2025
Government, Business

Federal Reserve Cuts Its Key Rate by a Quarter-Point

WASHINGTON — The Federal Reserve cut its key interest rate Dec. 18 by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year.

Christopher Rugaber | Associated Press
December 18, 2024
Government, Business

Consumer Prices Rise 0.3% in November

WASHINGTON — Fueled by pricier used cars, hotel rooms and auto insurance, inflation in the United States moved slightly higher last month while remaining far below its peak of two years ago.

Christopher Rugaber | Associated Press
December 11, 2024
Government, Business

Federal Reserve Officials Signal Cautious Path for Rate Cuts

WASHINGTON — 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.

Christopher Rugaber | Associated Press
November 26, 2024
Government, Business

Inflation Rises Slightly in October to 2.6%

WASHINGTON — Inflation in the United States ticked up in October, driven by costlier rents, used cars and air fares, a sign that price increases might be leveling off.

Christopher Rugaber | Associated Press
November 13, 2024
Government, Business

Inflation Reaches Lowest Point Since February 2021

WASHINGTON — Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news.

Christopher Rugaber | Associated Press
October 10, 2024
Government, Business

More Interest Rate Cuts Likely, Powell Says at Forum

Jerome Powell stressed that the Fed’s current goal is to support a largely healthy economy and job market, rather than rescue a struggling economy or prevent a recession.

Christopher Rugaber | Associated Press
September 30, 2024
Government, Business

Fed’s Favored Inflation Gauge Shows Cooling Price Pressures

WASHINGTON — The Federal Reserve’s preferred inflation measure on Sept. 27 provided the latest sign that price pressures are easing, a trend that is expected to fuel more interest rate cuts.

Christopher Rugaber | Associated Press
September 27, 2024