The American economy It grew at a healthy pace, but inflation accelerated more than was initially estimated at the end of 2024. He Gross Domestic Product (GDP) increased at an unpaid annualized rate of the 23% In the fourth quarter, according to data from the Office of Economic Analysis (BEA) published on Thursday. The main […]
Tag: inflation in the United States
Inflation in the US rises to 3% in January and Trump blames Biden
Inflation rose to 3% in January USAaccording to official figures published on Wednesday, a rebound that the president Donald Trump attributed to the policies of his Democratic predecessor Joe Biden. The Consumer Price Index (CPI) rose to 3.0% in twelve months in January, in a slight increase with respect to 2.9% of December, the Labor […]
Powell: “Time has come” for first US interest rate cut
The president of the Federal Reserve (Fed, American central bank), Jerome Powellopened the door this Friday to a first interest rate cut at the organization’s next meeting in September, news long awaited by the markets. “The time has come for a policy adjustment“monetary,” he said Powell during his traditional speech at the meeting of central […]
As inflation eases, US sees sharp holiday travel surge
Travel for the U.S. Independence Day holiday is expected to rise to record levels as inflation on airfare, gasoline and hotel prices eases. The American Automobile Association (AAA) is expecting a record number of people on roads and in airports in the week between Saturday, June 29 and Sunday, July 7. The organization estimates that […]
Powell: US inflation is easing, but Fed won’t cut rates yet
U.S. inflation is slowing again after higher readings earlier this year, the head of the Federal Reserve said Tuesday. Federal Reserve (Fed), Jerome Powell, adding that more evidence of this kind would be needed before the Fed cuts interest rates. Following some reports of persistently high inflation in early 2024, he said Powellthe data for […]
Fed could announce fewer rate cuts due to persistent inflation
The officials of the Federal Reserve They could make official on Wednesday what has been clear for many weeks: since inflation remains above the 2% target, they will reduce their forecast for cutting interest rates. In a series of quarterly economic forecasts they will issue after their most recent meeting ends, policymakers are expected to […]
US inflation cools in encouraging sign for the Fed: How much did it fall?
A key measure of underlying inflation USA fell for a second month in May, an encouraging surprise for Federal Reserve (Fed) officials looking for signs that they can begin to lower interest rates. The Consumer Price Index (CPI) of the United States fell one tenth in May to 3.3% compared to April’s data, meaning that […]
Inflation remains stable in April in the US: will it be enough for the Fed?
inflation in USA It remained stable in April, a relief for Americans after the rebound at the beginning of the year that instilled in the markets the fear that high interest rates will continue for longer. The PCE index of inflationthe one preferred by the Federal Reserve (Fed, central bank), published on Friday, reported a […]
Fed predicts that inflation will stagnate and will take time to fall to the target
The Federal Reserve The US (Fed) predicted this Wednesday that inflation will remain stable without major changes in the future, which reinforces the forecast – materialized in recent weeks by the economic data of USA– that the reduction in interest rates will take longer than expected. The organization noted in its Beige Book that the […]
Powell: Fed will keep high inflation rates “for as long as necessary”
Recent inflation data indicates it will likely take longer for the Federal Reserve to achieve the confidence needed to lower interest rates, Fed Chairman Jerome Powell said. Lowering inflation will be a longer battle than expected, admitted the president of the Federal Reserve, Jerome Powellthis Thursday, thus reducing the chances of an upcoming interest rate […]