Former St. Louis Federal President James Bullard said that inflation will slow markedly this year, allowing the central bank ...
Prices at the mall are about one-fifth higher now than before the pandemic, thanks to cumulative inflation. But there are ...
The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.
Since officials first cut rates in September, inflation has made uneven progress back down toward the central bank’s target.
But the Fed’s preferred gauge should decline steadily in the next few months, economists say, as higher inflation readings early last year fall out of the year-over-year figures. “Beyond that ...