KVSP Inflation
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ABC News (GRAND RAPIDS, MI.) — On the campaign trail, President Joe Biden is touting a post-COVID-19 economy that has roared back to life and continued to shatter expectations in recent months. Worries of a recession are fading, unemployment remains very low and average wages are on the rise again after years of being overtaken […]
Noel Hendrickson/Getty Images (NEW YORK) — Consumer prices rose 3.1% in January compared to a year ago, slowing markedly from the previous month but missing expectations of an even larger cooldown, a report from the Bureau of Labor Statistics released on Tuesday showed. Still, the falling inflation offered welcome news for the Federal Reserve as […]
Noel Hendrickson/Getty Images (NEW YORK) — Inflation data to be released on Tuesday will show whether price increases resumed a monthslong slowdown in January. The report from the U.S. Bureau of Labor Statistics follows a slight acceleration of price increases in December. That jump in inflation complicated the Federal Reserve’s plans to deescalate its inflation […]
Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 3.4% in December compared to a year ago, accelerating markedly from the previous month and defying a smooth path down to normal levels, a report from the Bureau of Labor Statistics released on Thursday showed. The Federal Reserve stands poised to dial back its inflation fight […]
Javier Ghersi/Getty Images (NEW YORK) — Policymakers will pay close attention to the release of price data on Thursday as the Federal Reserve weighs dialing back its inflation fight with a series of interest rate cuts. The Fed expects to slash rates later this year, which would ease borrowing payments for everything from credit cards […]
Javier Ghersi/Getty Images (WASHINGTON) — Consumer prices rose 3.1% in November compared to a year ago, cooling slightly from the previous month and indicating progress in the fight to reduce inflation, a report from the Bureau of Labor Statistics released on Tuesday showed. The fresh data arrives a day before the Federal Reserve will decide […]
Javier Ghersi/Getty Images (WASHINGTON) — Washington, D.C. and Wall Street will closely watch the release of inflation data on Tuesday that’s set to show whether price hikes continued their cooldown in November or defied further progress. The fresh data will arrive a day before the Federal Reserve decides on a potential escalation of its near-historic […]
Javier Ghersi/Getty Images (WASHINGTON) — Consumer prices rose 3.2% in October compared to a year ago, cooling significantly from the previous month and exceeding economist expectations. The data indicates progress in the Federal Reserve’s fight to reduce inflation. The results mark a half-percentage-point decline from the annual inflation increase shown in September, according to data […]
Javier Ghersi/Getty Images (WASHINGTON) — Economists expect fresh data on Tuesday to show that inflation cooled last month, in large part due to a decline in gasoline prices. The data, set to be released by the federal government’s Bureau of Labor Statistics, would cheer policymakers and households bedeviled by inflation that stands well above the […]
Tetra Images/Getty Images (NEW YORK) — Consumer prices rose 3.7% in September compared to a year ago, holding steady from the previous month and running hotter than economists had expected. While inflation has fallen significantly from a peak of about 9% last summer, price increases remain more than a percentage point higher than the Fed’s […]
