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 […]