Trump was elected on promises to lower prices for inflation-weary consumers
The Federal Reserve has a dual mandate from Congress to keep both inflation and unemployment under control, and recently began rolling back high interest rates in order to better support the labor market
New York Fed President John Williams said inflation was now "within striking distance" of two percent.
The personal consumption expenditures (PCE) price index was up 2.2 percent from a year ago in August, down from 2.5 percent in July, the Commerce Department said
Consumer inflation data published Thursday showed that food prices rose by 2.2 percent in the 12 months to April -- masking some sharp differences between items.
The annual consumer price index (CPI) came in at 3.4 percent in April, down 0.1 percentage point from March
The PCE price index rose at an annual rate of 2.7 percent in March, up 0.2 percentage points from a month earlier
The consumer price index (CPI) came in at 3.2 percent last month
IMF's managing director Kristalina Georgieva is hopeful about the US economy as inflation declines further
The US Federal Reserve's decision to hold its key lending rate on Wednesday and pencil in three interest rate cuts next year has fueled optimism that its inflation battle is won.
The dollar started Monday on the front foot, with a reading on US inflation and the Federal Reserve's last policy meeting for the year likely to set the tone for the week, while rising deflationary pressure in China leant on the yuan.
US President Joe Biden’s administration should be commended for its open rejection of two core neoliberal assumptions.
If investors agree on one thing this year, it's that the dollar is going to fall. That's made the greenback's 2 per cent bounce over the last month particularly confusing.
The trade-off between a rate hike and a lower GDP growth rate is increasingly becoming fragile.
One of the few axioms of US politics is the loss of seats by the president's party in midterm House elections
Slowing US inflation may have opened the door for the Federal Reserve to temper the pace of coming interest rate hikes, but policymakers left no doubt they will continue to tighten monetary policy until price pressures are fully broken.
