But prices spiked in the pandemic, and the annual inflation rate reached a 40-year high of 9.1% in mid-2022. The Fed stepped in, raising interest rates dramatically in 2022 and 2023 to cool the ...
Wall Street gained confidence that the Federal Reserve will opt for another quarter-point interest-rate cut in December after the consumer price index for October matched expectations. Traders saw a ...
There’s little doubt the Federal Reserve will cut interest rates many more times in the next two years. What’s less clear is how fast the cuts will come. The October report on consumer prices showed ...