The Fed expected rate cuts this year. Now itβs bracing for another inflation fight
The most recent inflation reading for October had beaten expectations, coming in at 0.4% for the month.
The most recent inflation reading for October had beaten expectations, coming in at 0.4% for the month.
Property prices are falling faster than ever but bond markets and bold contrarian buyers are already eyeing the turn.
The policymaker expressed concern about the latest inflation data, telling CNBC that the central bank likely will need to take action.
The cost of doing business in the US is getting increasingly pricier: Wholesale-level inflation accelerated last month to its highest rate in nearly four years, Bureau of Labor Statistics data showed Friday.
This weekβs indicators: Inflation is disturbing, workers are getting their stolen wages back, and NVIDIA ex-CEOβs alleged affairs become a $465 billion business expense. (Woof!)Fact-checking by Tyler Jones.Your Next ListenΒ βThe tower of NVIDIAβOver 2,000 episodes in our archive on the NPR AppConnect with The Indicator from Planet MoneyβThe Indicator newsletter β a weekly roundup of news, ideas and staff picks. βInstagram, TikTok and YouTube βFind the Planet Money book βFind the Planet Money game, Sell Me A Sasquatch, and other merch at the NPR Shop!Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. This showβs perks include sponsor-free listening. Learn more at plus.npr.org.
Barcelona. Clashes have occurred between masked groups and police in Barcelona after Spain called its first general strike in 14 years against the housing crisis and rising inflation. Tension aros...
The CEOs of two of the nationβs largest banks say less government spending will reduce inflationary pressure.
The lowest Aussie in seven months could lead to more expensive imports, stoking further price rises to make the central bankβs job harder.
Subsidies for household batteries and EVs could be pared back further, although no final decisions have been made and either may still be untouched.
The US presidentβs demands for falling interest rates are going to be ignored when the Federal Reserve responds to last monthβs hotter-than-expected inflation rate.
Treasury yields rose as bond markets reopened following Veterans Day.
Subsidies for household batteries and EVs could be pared back further, although no final decisions have been made and either may still be untouched.
US Treasuries slumped, pushing yields sharply higher, after hotter-than-expected inflation data and comments from a key Federal Reserve official fueled bets that the central bank would need to deliver more aggressive interest rate hikes to cool inflation.
We need more unemployment to drag inflation down. Will you volunteer?
Thinktank Niesr says timid rate rise last week likely to make inflation more persistent feature of UK economy
The national inflation rate only tells part of the story. Answer a few questions to see what price changes mean for your wallet.
The CEOs of two of the nationβs largest banks say less government spending will reduce inflationary pressure.
The US presidentβs demands for falling interest rates are going to be ignored when the Federal Reserve responds to last monthβs hotter-than-expected inflation rate.