In the wake of better-than-expected Consumer Price Index (CPI) numbers released last week, Federal Reserve Gov. Christopher Waller on Sunday confirmed that the central bank may consider slowing ...
The USD/MXN exchange rate has recently pulled back, ending the strong Mexican peso sell-off a few weeks ago. It retreated from this month’s high of 20.93 to the current 20.40 and is hovering near its lowest point since December 26.
The Consumer ... Price Index for Urban Wage Earners and Clerical Workers (CPI-W): This index is used to determine the annual cost of living adjustments to Social Security benefits and to adjust ...
US consumer inflation ... in December was the energy index, which jumped by 2.6 percent, accounting for "over" 40 percent of the monthly increase, according to the Labor Department. In some good news for the Federal Reserve, annual inflation excluding ...
Long Island economy will depend on how uncertainties unfold. Foremost are the fiscal policies enacted by President Trump and the monetary policies of the federal reserve.
Inflation likely accelerated in December, putting pressure on the Federal Reserve to keep interest rates relatively high.
GDP growth slowed moderately in Q4, while the Federal Reserve's inflation gauge stayed on a recent positive trend. S&P 500 futures rose.
The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.
In December, economists believe the overall PCE index rose 0.3% on a monthly basis and 2.6% on an annual basis, according to FactSet’s consensus estimates. They anticipate that the core measure of PCE inflation, which excludes volatile food and energy prices, rose 0.2% on a monthly basis and 2.8% over the past year.
It's important to understand that the Fed's decision to pause rate cuts will not directly impact mortgage rates. Mortgage rates are actually driven by a range of factors, including the Fed's rate changes. This week's Fed rate decision does, however, have a big influence on where mortgage rates could head.
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.