EghtesadOnline: U.S. consumer prices recorded their biggest gain in five months in September as the cost of gasoline and rents surged, pointing to a steady pickup of inflation that could keep the Federal Reserve on track to raise interest rates in December.
EghtesadOnline: U.S. consumer prices rose more than expected in August as healthcare costs recorded their biggest gain in 32-1/2 years, pointing to a steady build-up of inflation that could allow the Federal Reserve to raise interest rates this year.
EghtesadOnline: Two measures of U.S. inflation expectations rebounded last month, according to a Federal Reserve Bank of New York survey that may come as a relief to central bankers worried about price measures stuck at low levels.
EghtesadOnline: Federal Reserve Chair Janet Yellen raised the possibility that future policy makers might increase their inflation target and broaden the types of assets they can buy to enhance their ability to counteract a severe recession.
EghtesadOnline: Federal Reserve Chair Janet Yellen still has faith. On Friday she expressed confidence that tighter labor markets over time will push inflation back to the central bank’s 2 percent goal, setting up a rate hike this year -- possibly as soon as next month -- if jobs data remain strong.
EghtesadOnline: The Federal Reserve could push banks to lend more by paying Wall Street smaller returns on money stashed at the U.S. central bank when inflation is low, according to an academic paper presented on Saturday.
EghtesadOnline: The U.S. Federal Reserve has two guiding goals when designing monetary policy: maximum employment and stable inflation.
EghtesadOnline: U.S. consumer prices were unchanged in July but a rise in industrial output and home building suggested a pickup in economic activity that could allow the Federal Reserve to raise interest rates this year.
EghtesadOnline: The Federal Reserve should raise interest rates further this year, a top U.S. central banker said in an interview published on Thursday, reflecting improved labor market conditions and the likelihood that inflation is heading higher.
EghtesadOnline: The number of Americans filing for unemployment benefits fell last week, pointing to sustained labor market strength in early August that could help spur faster economic growth.