Why a rate cut? Fed’s favorite price gauge likely to show tamer ‘core’ inflation.
Armed with consumer and wholesale inflation reports, Wall Street economists predict the Federal Reserve’s favorite price gauge will show just a mild increase in November and justify an interest-rate cut.
Inflation ticked up again in November. Will the Fed cut rates next week?
Inflation is moving in the wrong direction. U.S. inflation picked up for a second straight month in November on a rise in food and gasoline prices, underscoring that the final stretch of the Federal Reserve's two-year battle against sharply rising prices has become more challenging.
Fed expected to cut interest rates despite rising inflation. Here's why
Price increases are rising again, just when the Federal Reserve had appeared close to declaring "mission accomplished" in its yearslong fight to lower them. In theory, the trend would prompt the Fed to raise rates,
November CPI report: Overall and core inflation rise 0.3%. Investors bet on Fed rate cut.
Fact checkers at PolitiFact have looked into such claims by the Biden administration before and rated them as "mostly true." The key is that while wage growth has trailed the rate of inflation since January 2021,
Chances of Fed rate cut rise despite higher November inflation report
The market sees the probability of another 25 basis point interest rate cut at next week's Federal Reserve meeting as rising despite inflation ticking higher in November.
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Cancer-causing chemicals used in homes and workplaces banned by EPA
In today’s Health Alert, the EPA has banned two cancer-causing solvents, TCE and PCE. One of them has been used so widely ...
US producer prices surge on costly eggs, but disinflationary trend intact
U.S. producer prices increased by the most in five months in November, but a moderation in the costs of services such as ...
Joe Biden Bans 'Extremely Toxic' Cancer-Causing Chemicals
The Biden administration has banned two cancer-causing chemicals, Trichloroethylene (TCE) and Perchloroethylene (PCE), ...
EPA restricts cancer-causing chemicals TCE, PCE found in Long Island groundwater
EPA's new rules limit TCE and PCE, linked to cancer, in household and commercial products, impacting industries and groundwater safety.
October PCE inflation came in as expected. Still too hot for Fed? | Cumberland Comment
T he monthly increases for inflation in October as measured by the Personal Consumption Expenditure (PCE) price index came in ...
SLO to remove toxic dry cleaning chemicals from groundwater basin. Here’s how
The U.S. Army Corps of Engineers and Tennessee environmental regulators have ordered CSX Transportation to stop dredging the ...
U.S. Producer Price Data, ECB Meeting Could Lift Dollar
The U.S. dollar could get a minor lift if data today show U.S. producer price inflation is higher than expected, ING's Chris ...
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Cancer-causing chemicals used in dry cleaning and some home products banned by EPA
Most uses of trichloroethylene, found in degreasers and other cleaning products, will be prohibited within a year.
Focus should be on core inflation excluding housing, Meyer says
The Federal Reserve should focus on core PCE inflation ex-housing, said former Fed. Gov. Larry Meyer, in a note to clients.
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the ...
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New USEPA Rules Under the Toxic Substances Control Act Ban Many Uses of TCE and PCE
On December 9, 2024, the United States Environmental Protection Agency (USEPA) adopted new rules under the Toxic Substances ...