inflation in USA It continues to slow and, in March, registered a rate of 5%, its lowest level since May 2021, according to the Bureau of Labor Statistics (BLS, in English). The data for the third month is one point lower than that detected in February, which strengthens the slowdown in inflation after reaching 9.1% […]
Tag: inflation in the United States
Fed’s Barkin Still Expecting Inflation to ‘Crack’
The Federal Reserve has more work to do to bring inflation back to its 2% target as the latest data on price pressures is not weak enough, Richmond-based Fed Chairman Thomas Barkin said Wednesday. . His comments came shortly after a key government report showed that US consumer prices barely rose in March as gasoline […]
Fed’s Bullard: ‘Swift’ US response to banking stress keeps focus on inflation
US regulators’ response to the banking stress was strong and fast enough to contain the damage and allow the Federal Reserve’s interest rate policy to continue to focus on inflation, said the president of the bank in St. Louis, James Bullard. Measures such as a new line of bank credit for the fed were approved […]
US inflation slowed to 6.0% yoy in February
Inflation slowed down USA in February to 6.0% year-on-year, its lowest level in almost a year and a half, at a time when the fed (central bank), in charge of stopping the rise in prices, is against a rock and a hard place after the bankruptcy BLS. On a month-over-month basis, inflation fell to 0.4%, […]
Inflation expectations in the US at the lowest level since April 2021
Respondents said they expect prices to rise 4% over the next year, the lowest level since April 2021, the preliminary reading of the University of Michigan survey showed Friday. The confidence index rose to a nine-month high of 64.6 from 59.7 at the end of the year, beating all estimates in a Bloomberg survey of […]
Inflation in the United States drops to 6.5%, its lowest in more than a year
The year-on-year rate of inflation in the United States it continued to drop in December, for the sixth consecutive month, and stood at 6.5%, six tenths below that of November, according to data published this Thursday by the Bureau of Labor Statistics. In monthly terms, consumer prices fell by one tenth, at a time when […]
Powell: Fed needs independence to fight inflation, should avoid climate policy
The Federal Reserve’s independence from political influence is critical to its ability to fight inflation, but requires it to steer clear of issues like climate change that are beyond its mandate set by Congress, the Federal Reserve said Tuesday. Fed Chairman Jerome Powell. “Restoring price stability when inflation is high may require measures that are […]
Inflation in the US is less worrisome than feared, according to a study
But perhaps the problem is not the models per se, but the data that is fed into them. Traditionally, they cover economic events since World War II and the correlations and patterns that have been observed during that period. “Economists Focus Too Much on Postwar Data”, said the former chief economist of the International Monetary […]
US inflation continues to decline, but wages will keep the Fed on its toes
The Federal Reserve’s preferred inflation gauges cooled in November, including a headline annual measure that posted the smallest rise in more than a year, according to Commerce Department data released Friday. Consumers’ annual inflation expectations fell this month to the lowest level since June 2021, a University of Michigan survey showed. LOOK HERE: New complaint […]
US inflation expectations at the lowest level since June 2021
LOOK HERE: US Congress approves financing law of 1.66 trillion dollars, Biden will enact it Respondents said in December they expected prices to rise 4.4% over the next year, the lowest level since June 2021 and below the preliminary reading, the final University of Michigan consumer survey showed on Friday. For the next five to […]