Underlying Inflation News Today

(Bloomberg) -- Fresh inflation data released Friday cemented the message from Federal Reserve Chair Jerome Powell last week that high interest rates are here to stay for now.Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingFed’s Preferred Core Inflation Gauge Rose at Brisk Pace in MarchHuawei’s New Phone Runs Latest Version of Made-in-China ChipUS Economy Slows and Inflation Ju...

(Bloomberg) -- The European Central Bank held interest rates steady for a fifth meeting, while sending its clearest signal yet that cooling inflation will soon allow it to commence cuts.Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsVietnam Tycoon Lan Sentenced to Death Over $12 Billion FraudRussia Destroys Largest Power Plant in Ukraine’s Kyiv RegionChinese Cement Maker Halted After 99% Cra...

In June 2022, the COVID-19 pandemic saw the 12-month US inflation rate hit a 40-year high at 9%, after averaging 2.2% between 2000 and 2020.

President Joe Biden’s plans to tout his stewardship of the US economy during his reelection campaign hit a snag yesterday when it was revealed that year-on-year core inflation stood at 3.9% through January. Now one economist warns that the prices of many basic goods will likely remain high even if inflation slows.

US home sales declined to the lowest level in almost three decades last year as prices rose to a record high.

OTTAWA (Reuters) -Canada's annual inflation rate rose as expected in December, data showed on Tuesday, and underlying prices pressures remained, dashing hopes that the central bank would shift into rate-cut mode early this year. Annual inflation rose to 3.4% in December from 3.1% in November, Statistics Canada said, matching estimates by economists polled by Reuters. Two of the Bank of Canada's (BoC's) core measures of underlying inflation, CPI-trim and CPI-median, accelerated, ...

(Bloomberg) -- Underlying US price pressures probably continued to recede as 2023 drew to a close, backing up optimism at the Federal Reserve about the path for inflation.Most Read from BloombergFAA Orders Temporary Grounding of Some 737 Max Jets After MishapAckman Plans to Check MIT’s Kornbluth, Staff for PlagiarismBoeing 737 Max Blowout Points to Pervasive FlawsBitcoin ETF Issuers Clear Major Hurdle on Path to SEC ApprovalThe consumer price index excluding food and fuel, a measure favor...

(Bloomberg) -- Consumer price growth in Tokyo unexpectedly quickened for the first time in four months in October, indicating that inflation is proving stickier than expected as the Bank of Japan prepares to set policy next week.Most Read from BloombergLi Keqiang, China’s Second-Most Powerful Man for a Decade, Dies at 68Tech Giants Signal Rebound as Amazon, Intel Rally: Markets WrapIsrael Latest: US Strikes Two Iran-Linked Facilities in SyriaControversial Chip in Huawei Phone Produced on ...

(Bloomberg) -- The Federal Reserve’s preferred measure of underlying inflation accelerated to a four-month high in September and consumer spending picked up, keeping the door open to another interest-rate hike in the months ahead.Most Read from BloombergHouse Speaker Mike Johnson’s First Big Bill Cuts Biden’s Climate Change FundingIsrael Latest: US Strikes Two Iran-Linked Facilities in SyriaUS Military Attacks Two Syrian Facilities It Says Linked to IranChina, US Release Due...

Presidential candidate Robert F. Kennedy Jr. stated late Monday evening that average US income is $5000 short of meeting basic needs like food and as a result, private credit card debt is a trillion dollars, the highest in US history.