Chicago Fed's Goolsbee says central bank 'has definitely got work to do' on inflation
The policymaker expressed concern about the latest inflation data, telling CNBC that the central bank likely will need to take action.
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.
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The most recent inflation reading for October had beaten expectations, coming in at 0.4% for the month.
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...
Property prices are falling faster than ever but bond markets and bold contrarian buyers are already eyeing the turn.
The CEOs of two of the nation’s largest banks say less government spending will reduce inflationary pressure.
Subsidies for household batteries and EVs could be pared back further, although no final decisions have been made and either may still be untouched.
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.
The CEOs of two of the nation’s largest banks say less government spending will reduce inflationary pressure.
The US president’s demands for falling interest rates are going to be ignored when the Federal Reserve responds to last month’s hotter-than-expected inflation rate.
US stocks are falling after a report showed inflation was worse across the country last month than economists expected.
After falling for a month, mortgage rates jumped sharply higher on a hotter-than-expected inflation report.
The cost of everyday necessities continued to climb in October, putting more pressure on Americans already struggling to keep up with grocery bills, housing costs and other household expenses.
The report comes at a critical juncture for the Federal Reserve as it considers its next move regarding interest rates.
The consumer price index rose more than expected in October, raising alarm among Federal Reserve officials.
The consumer price index rose 0.4% in October, a reduction from September but a level economists said is still uncomfortably high.