Inflation has become a pivotal issue in President Biden’s bid for re-election, with Americans exasperated that average prices are still about 19 percent higher than they were when he took office.
By CHRISTOPHER RUGABER
||Economy
Measured from a year ago, core prices — considered by the Fed a better guide to the future path of inflation — rise 4 percent, the same as in October.
By CHRISTOPHER RUGABER
||Economy
In Friday’s report from the Labor Department, the unemployment rate drops to 3.7 percent from 3.9 percent, not far above a five-decade low of 3.4 percent in April.
By CHRISTOPHER RUGABER
||Economy
It’s the smallest year-over-year increase since June, though core inflation is running at 4 percent, twice as high as the Fed’s inflation goal.
By CHRISTOPHER RUGABER
||Economy
Most Fed watchers expect the central bank to keep rates unchanged in December as well.
By CHRISTOPHER RUGABER
||Economy
The Fed is widely expected to keep its key short-term interest rate unchanged when it meets next week.
By CHRISTOPHER RUGABER
||Economy
The Commerce Department says the economy grew at the fastest pace in nearly two years — and more than twice the 2.1 percent annual rate of the previous quarter.
By CHRISTOPHER RUGABER
||Economy
‘A few months of good data are only the beginning of what it will take to build confidence that inflation is moving down sustainably toward our goal,’ Mr. Powell says.
By CHRISTOPHER RUGABER
||Economy
Inflation is running well above the Fed’s 2 percent target, and its policymakers say they aren’t close to declaring victory.
By CHRISTOPHER RUGABER
||Economy
The Fed is widely expected to skip an interest rate hike at its meeting next week. Wednesday’s figures, though, keep the prospect of another rate increase later this year on the table.
By CHRISTOPHER RUGABER
||Economy
‘We are living in this world in which we could expect to have more and maybe bigger supply shocks,’ says the chief economist at the International Monetary Fund.
By CHRISTOPHER RUGABER
||Economy
‘Two months of good data,’ the Fed chairman says, ‘are only the beginning of what it will take to build confidence that inflation is moving down sustainably toward our goal.’
By CHRISTOPHER RUGABER
||Economy
