Despite these challenges, Fed Chair Jerome Powell, speaking after the central bank cut interest rates by a quarter point on Thursday, maintained that "the story is very consistent, with inflation ...
The Federal Reserve’s closely watched inflation gauge, the Personal Consumption Expenditures ... after soaring 2.3% in August, according to the US Commerce Department data released Thursday. On a ...
MORE: US economy grew at robust pace in 3rd quarter ... which new releases showed an economy growing at a robust pace while inflation returns to normal levels. U.S. GDP grew at a 2.8% annualized ...