Inflation

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By Across the world, central banks have been vowing for almost two years to return inflation to the target rate of 2%. In practice, this has meant increasing interest rates – the cost of borrowing – in order to slow down economic activity. Today, the Bank of England decided to leave interest rates in the…

By 1 Hour Ago’We don’t have a growth mandate,’ Powell saysThe Federal Reserve isn’t concerned that the economy is too strong right now, Chair Jerome Powell told CNBC’s Jeff Cox.”We’ve had inflation come down without a slow economy and without important increases in unemployment. There’s no reason why we should want to get in the…

By Some consumers may be paying off holiday spending well into the New Year. (iStock) Most Americans are experiencing a holiday spending hangover that could take months to recover from, a recent survey said. Seventy-four percent of consumers said inflation had a more significant impact than anticipated on their holiday spending budgets and 45% overspent,…

By WASHINGTON — Chair Jerome Powell will enter this week’s Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed’s target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low. A…

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By Douglas Rissing / Getty Images/iStockphotoOver the last couple of years, the U.S. has been on an inflation rollercoaster. In June 2022, inflation peaked at 9.1% — a high not seen since 1981. Inflation has significantly come down since then; in December 2023, it was at 3.35%. Now the big question is: Will inflation go…

By Federal Reserve chair Jerome Powell.Aaron Schwartz/Xinhua via Getty ImagesMarkets are too optimistic about the prospect of rate cuts, SEI’s James Solloway told MarketWatch.Inflation is still above the Fed’s 2% target, while the labor market also remains strong.This means interest rates are likely to stay at higher levels for longer.Markets are far too optimistic about…