Top Federal Reserve officials — including Chair Jerome Powell — are increasingly pointing to an obscure price gauge as a reason to maintain confidence in their outlook: “market-based” inflation.
The United Nations on Thursday raised its growth forecast for the global economy this year, anticipating a boost to investment as central banks continue to lower their key interest rates.
Inflation should continue falling in 2025 and allow the U.S. Federal Reserve to further reduce interest rates, though at an uncertain pace, Federal Reserve Governor Christopher Waller said on Wednesday.
The yield on the UK’s 30-year inflation-linked bonds rose to 2% for the first time since the market meltdown in late 2022.
The economy will grow but at a slower pace than 2024. Inflation will remain above the Fed's target, with Trump’s policies limiting production while stimulating spending.
Mexico's headline inflation rate eased more than expected in December, fueling bets that the central bank will keep cutting its benchmark interest rate despite an uptick in the core consumer price index.
The average Social Security payment will rise by more than $50 per month starting in January, thanks to the federal government’s 3.2% annual cost-of-living adjustment, or COLA. A 3.2% increase in the average Social Security check—about $1,
Dockworkers tentatively agree to a new deal, preventing a potential port strike that may have snarled supply chains, created shortages and inflation.
Inflation in the eurozone rose further above the European Central Bank’s target in the final month of 2024, although that is unlikely to dissuade policymakers from lowering borrowing costs again this month to support a faltering economy.
British households' expectations for inflation over the next 12 months rose in December, a monthly survey from Citi and YouGov showed on Thursday. The survey showed expectations for inflation in a year's time rose to 3.