December inflation data could have major implications as the Fed mulls its next rate hike.
The December reading of the Consumer Price Index, a closely watched measure of the cost of everyday goods and services, showed that prices rose 6.5% compared to the same month one year earlier.
after surging to a decades-high peak of 9.1% last June. Nevertheless, Americans are still paying abnormally high prices for essentials such as groceries and rent.Additionally, inflation is still running well above the Fed’s 2% target level. Policymakers signaled more increases are likely in 2023 and that the Fed’s benchmark rate is likely to remain in restrictive territory for some time. The central bank implemented seven consecutive hikes last year.Atlanta Fed President Raphael Bostic, a non-voting member of the rate-making Federal Open Market Committee, said he would prefer raising the benchmark rate above 5%, from its current range of 4.25% to 4.50%.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Average new-vehicle transaction price hits a whopping new peak in December - AutoblogThe average transaction price for new vehicles hit another record in December — here's how much, and why.
Weiterlesen »
Average Price Paid For New EVs Down $3,600 In December 2022: KBBDespite the lower average transaction price, EVs were significantly more expensive than the average new vehicle (overall) estimated by KBB at $49,507.
Weiterlesen »
December Inflation Report to Show Whether Price Increases Continued to ModerateThe Labor Department’s inflation report for December will show whether price increases continued to slow after reaching their fastest pace in 40 years in mid-2022
Weiterlesen »
Inflation drops to 6.5% in December as price pressures easeAnnual inflation slowed to 6.5% in December, the Bureau of Labor Statistics reported Thursday, a sign that the price pressures that have wracked the economy over the past year are easing.
Weiterlesen »
Consumer Product Safety Commission mulling nationwide ban on gas stovesA federal agency is considering taking action to address the health problems linked to gas stoves. One option could be a nationwide ban. Recent studies show emissions worsen childhood asthma and other diseases. GusoffTV reports.
Weiterlesen »
Gas-stove ban: U.S. moves closer to action as a consumer agency turns up its scrutinyThe U.S. could be edging nearer to a ban on gas stoves, if the interest of a federal consumer safety commission is any indication.
Weiterlesen »