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Why won’t the Fed cut rates in July? Its favorite inflation gauge is telling it not to.
The inflation gauge the Federal Reserve relies on most to decide whether to raise or lower U.S. interest rates is likely to cement a decision by the central bank to stand pat at its next meeting at the end of July.
What is clear is that the current 4.33% median Fed funds target rate remains well above the inflation trend. Even after the ...
By Howard Schneider WASHINGTON (Reuters) -Rising prices across an array of goods from coffee to audio equipment to home ...
The producer price index for total final demand was unchanged in June, the Bureau of Labor Statistics reported.
A busy week ahead for investors will see inflation data, the debate about the Fed's next move, and the start of second ...
The Indian rupee fell on Wednesday as the latest U.S. inflation report showed that tariffs were beginning to feed into prices ...
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