U.S. inflation rose 2.6% in October, a month after the Federal Reserve began cutting rates
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor market.
The Fed Cut Interest Rates In November, And More Rate Cuts Are Coming
The Federal Reserve cut interest rates by 0.25% on November 7. More interest rate cuts are likely through the end of 2026.
Wall Street ends mixed while inflation data keeps Fed rate-cut hopes intact
The Dow and the S&P 500 ended slightly higher on Wednesday while the Nasdaq lost ground after October data showed consumer prices rising in line with expectations, adding support to bets that the U.S.
The Fed Just Cut Rates Again, but Mortgage Rates Keep On Rising
Earlier on Thursday, mortgage rates rose again for the sixth consecutive week, hitting a four-month high of 6.79%, according to Freddie Mac. The Fed's latest rate cut, which was universally expected and thus fully priced in to bond markets, is unlikely to bring relief to mortgage rates in the near term.
Bank of England Cuts Interest Rates, but Signals Stickier Inflation
The central bank said future cuts would be gradual amid higher inflation forecasts after the new government introduced spending and tax increases in its budget.
October inflation data meets forecasts, keeping Fed on track for December rate cut
New inflation data out Wednesday showed consumer prices rose as forecast in October, keeping the Federal Reserve on track to lower interest rates again in December.
Inflation Report Keeps December Rate Cut in Play
The October consumer-price index keeps the door open for Federal Reserve officials to cut interest rates at their meeting next month. A monthly rise of 0.28% in prices, excluding volatile food and energy items,
Inflation endured in October, CPI report shows. What happens next with interest rates?
Forecasters had expected lingering inflation in October. How will the new numbers affect the next Federal Reserve decision on interest rates?
Inflation rises slightly as economy reacts to interest rate cuts
New data shows inflation rose slightly as the Federal Reserve navigates interest rate cuts following signs of cooling prices and a weaker labor market. CBS News contributor JD Durkin has more.
Inflation Stays Firm, but Not Enough to Derail December Fed Cut
The Labor Department on Wednesday reported that consumer prices in October rose 2.6% from a year earlier. That marks a pickup in the pace of inflation from September, when prices were up 2.4% on the year.
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Mortgage Rate Predictions: The Aftermath of a Fed Rate Cut and the Election
All forecasts are estimates at best ... As inflation surged and the Fed began hiking interest rates to tame it, ...
What's the CD interest rate forecast for November 2024?
Interested in putting some money into a CD account this November? Here's what could happen with the rates on CDs.
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I’m a Real Estate Agent: This Is My Forecast for the Housing Market in 2025
Then interest rates skyrocketed and the feat of buying a home became ... to get a peek into an expert forecast for the ...
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CD rate forecast for 2024
However, with the Federal Reserve cutting the federal funds rate by a half-point in September 2024, CD rate forecasts may look ... When you open a CD, the interest rate determines the return ...
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When will interest rates fall again? Forecasts on when base rate will be cut
The base rate was cut to 4.75 per cent from 5 per cent by a vote of 8 to 1 at the Monetary Policy Committee. The Bank expects base rate to end next year at about 3.7 per cent. The decision comes ...
Money blog: Interest rate cut - but forecasts for cuts next year are being scaled back
One of the UK's wealthiest people, James Dyson, has called Labour's budget "spiteful". Meanwhile, this week's Money Problem ...
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What's next for US interest rates?
Now, the central bank's benchmark interest rate sits at a range of 4.50% to 4.75%. If Federal Reserve officials "stick to ...
Federal Reserve set to make interest rate decision days after election of Trump
The Federal Open Market Committee (FOMC), a policymaking body at the Fed, has forecast further interest rate cuts. MORE: Voters voiced frustration over inflation. Some economists expect Trump's ...