Inflation in December was even lower than first reported, the government says
The prices consumers pay in the marketplace rose at an even slower pace than originally reported, according to closely watched revisions the government released Friday.
Jeff Cox in asian news
Fed's favorite inflation gauge rose 0.2% in December and was up 2.9% from a year ago
An important inflation gauge released Friday showed that the rate of price increases cooled as 2023 came to a close.
The U.S. economy grew at a 3.3% pace in the fourth quarter, much better than expected
The economy grew at a much more rapid pace than expected in the final three months of 2023, as the U.S. easily skirted a recession that many forecasters had thought was inevitable, the Commerce Department reported Thursday.
Two important events this week could determine the future of Fed rate policy
Markets have become less convinced that the Federal Reserve is ready to press the button on interest rate cuts, an issue that cuts at the heart of where the economy and stocks are headed.
This record-breaking market just keeps going higher and higher. Here's why
The stock market keeps scaling new heights as investors focus on the good and ignore the bad, no matter how bad the bad parts might look sometimes.
Fed's Raphael Bostic expects rate cuts to happen in the third quarter
Atlanta Federal Reserve President Raphael Bostic expects policymakers to start cutting rates in the third quarter of this year, saying Thursday that inflation is well on its way back to the central bank's goal.
Fed's Christopher Waller advocates moving 'carefully' with rate cuts
Federal Reserve Governor Christopher Waller acknowledged Tuesday that interest rate cuts are likely this year, but said the central bank can take its time relaxing monetary policy.