Inflation data coming Friday should show a quicker rise in consumer prices at the end of 2024, supporting the Federal Reserve’s latest decision to hold off on further rate cuts. The Bureau of Economic Analysis will release the personal consumption expenditures,

As traders approach another pivotal day for financial markets, a series of crucial decisions and economic data releases that could sway market dynamics are expected on Friday, January 31, 2025. The spotlight will be on the Core PCE Price Index,

Long Island economy will depend on how uncertainties unfold. Foremost are the fiscal policies enacted by President Trump and the monetary policies of the federal reserve.

The switch to inflation-adjusted salaries will automatically take effect after the next election unless lawmakers and the governor reject it.

Many of us have noticed the egg prices on the grocery receipts looking higher than usual and it doesn't look like it'll go down any time soon.

The Federal Reserve expressed concern that inflation has not eased enough for it to continue lowering interest rates.

The December CPI report showed that core inflation continued to moderate in key areas like goods, even as the headline inflation rate ticked up slightly thanks to rising energy prices. Markets celebrated after that report, which eased investors’ worries about reaccelerating price pressures.

Gallup’s annual Economy and Personal Finance poll found that, in 2024, respondents named inflation as the most important financial problem they face today. And despite some optimism that the economy will soon improve, a 2025 Allianz Life study found that 60% of Americans believe inflation will get worse this year.

The financials sector performed strongly in global markets during Q4, largely due to a combination of monetary easing and dovish commentary from key central banks.

Yes, there is an egg shortage due to bird flu. Officials at the U.S. Department of Agriculture (USDA) have confirmed there is an egg shortage and linked it to highly pathogenic avian influenza (HPAI), which has spread between chicken flocks across the country since first appearing in the U.S. in February 2022.

Inflation in Australia remained in retreat in the final quarter of 2024, stoking the case for the central bank to join the global easing cycle by cutting rates at its coming meeting in February.

Inflation likely accelerated in December, putting pressure on the Federal Reserve to keep interest rates relatively high.