The Federal Reserve has a dual mandate from Congress to keep both inflation and unemployment under control, and recently began rolling back high interest rates in order to better support the labor market
New York Fed President John Williams said inflation was now "within striking distance" of two percent.
The personal consumption expenditures (PCE) price index was up 2.2 percent from a year ago in August, down from 2.5 percent in July, the Commerce Department said
Consumer inflation data published Thursday showed that food prices rose by 2.2 percent in the 12 months to April -- masking some sharp differences between items.
The annual consumer price index (CPI) came in at 3.4 percent in April, down 0.1 percentage point from March
The PCE price index rose at an annual rate of 2.7 percent in March, up 0.2 percentage points from a month earlier
The consumer price index (CPI) came in at 3.2 percent last month
IMF's managing director Kristalina Georgieva is hopeful about the US economy as inflation declines further
US prices fell in November for the first in more than 3-1/2 years, pushing the annual increase in inflation further below 3 percent, and boosting financial market expectations of an interest rate cut from the Federal Reserve next March.
The Federal Reserve has a dual mandate from Congress to keep both inflation and unemployment under control, and recently began rolling back high interest rates in order to better support the labor market
New York Fed President John Williams said inflation was now "within striking distance" of two percent.
The personal consumption expenditures (PCE) price index was up 2.2 percent from a year ago in August, down from 2.5 percent in July, the Commerce Department said
Consumer inflation data published Thursday showed that food prices rose by 2.2 percent in the 12 months to April -- masking some sharp differences between items.
The annual consumer price index (CPI) came in at 3.4 percent in April, down 0.1 percentage point from March
The PCE price index rose at an annual rate of 2.7 percent in March, up 0.2 percentage points from a month earlier
The consumer price index (CPI) came in at 3.2 percent last month
IMF's managing director Kristalina Georgieva is hopeful about the US economy as inflation declines further
US prices fell in November for the first in more than 3-1/2 years, pushing the annual increase in inflation further below 3 percent, and boosting financial market expectations of an interest rate cut from the Federal Reserve next March.
The US Federal Reserve's decision to hold its key lending rate on Wednesday and pencil in three interest rate cuts next year has fueled optimism that its inflation battle is won.
