The Consumer Price Index rose at an annual rate of 2.7 percent in December, leading many to believe the Fed will hold rates steady this month. But if market conditions cool in upcoming months, a March rate cut may be in the cards. Continue reading
The 9-3 split vote reflects differing views on whether the central bank’s biggest worry is inflation or rising unemployment, with data lagging after the government shutdown. Continue reading
The latest Consumer Price Index reading is in line with expectations, but progress in fighting inflation has stalled. Forecasts for a slower pace of easing next year might keep mortgage rates above 6 percent. Continue reading
The Federal Reserve’s preferred inflation gauge moved in the wrong direction last month for the first time since September, but core inflation fell for the 13th consecutive month, to 2.8 percent. Continue reading