Iran War Keeps Fed's Inflation Gauge Above Inflation Target
Iran War Keeps Fed's Inflation Gauge Above Inflation Target
The Fed's preferred gauge of monthly price increases grew at a slower pace in April but still remained above its preferred target rate.
U.S. GDP Growth Revised Lower for First Quarter
The economy grew at a 1.6% annual rate, below earlier estimates, though corporate profits saw their largest year-over-year increase since 2021
U.S. Stocks Rise as Investors Cling to Hope of Mideast Deal
War-driven price shock sent April inflation to highest level in nearly three years | CNN Business
US Fed's preferred inflation gauge rose by 3.8% in April
Inflation hits highest level in nearly 3 years, Fed's preferred gauge shows
US inflation hits three-year high in April as Iran war fuels energy price surge
Fed's Favorite Inflation Gauge Hits 3.8%, Highest Since May 2023 - State Street SPDR Dow Jones Industrial
Inflation expectations are rising, and that alone could push prices higher
US key inflation rises to 3-year high as fuel, food costs squeeze households
The gauge released Thursday offers the Federal Reserve a snapshot of conditions leading into the Iran war.
The Iran war’s oil price shock drove the Federal Reserve’s preferred inflation gauge to 3.8% last month, its highest rate in…
The jump in gas prices has pushed inflation further away from the Fed’s 2% target.
Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Federal…
Fed minutes reveal rate hike discussions as inflation stays above 2%, the dollar hits a six-week high near 99.37, and Iran talks…
US inflation, measured by the Fed's preferred PCE index, jumped 3.8% in April, the highest year-on-year rate since 2023. Get the…
