Federal Reserve Bank of Cleveland President Beth Hammack reckons the U.S. central bank can keep steadily shrinking its balance sheet through a period of uncertain government finances, while noting she is disinclined to support an interest rate hike even if inflation pressures do not retreat quickly enough.

The U.S. Bureau of Labor Statistics reported last week that the Consumer Price Index, a leading marker of inflation, rose 0.5% in January. Meanwhile, the Midwestern CPI rate was at

Nigeria recently rebased its consumer price index (CPI) from 2009 to 2024, leading to a significant drop in the reported inflation rate from 34.80% to 24.48%.

Meanwhile, economists, politicos and pundits continue to sweat allegedly “sticky” categories for goods and services and rising wages — especially after January’s Consumer Price Index accelerated . They are all fighting the last war.

Federal Reserve Bank of Cleveland President Beth Hammack reckons the U.S. central bank can keep steadily shrinking its balance sheet through a period of uncertain government finances, while noting she is disinclined to support an interest rate hike even if inflation pressures do not retreat quickly enough.

The head of a new congressional panel gearing up to strengthen Capitol Hill's oversight of the Federal Reserve plans a broad review of how the U.S. central bank makes its interest rate decisions, including whether controlling inflation should be prioritized over safeguarding employment.

The head of a new congressional panel gearing up to strengthen Capitol Hill's oversight of the Federal Reserve plans a broad review of how the U.S. central bank makes its interest rate decisions, including whether controlling inflation should be prioritized over safeguarding employment.

The head of a new congressional panel gearing up to strengthen Capitol Hill's oversight of the Federal Reserve plans a broad review of how the U.S. central bank makes its interest rate decisions, including whether controlling inflation should be prioritized over safeguarding employment.

The CPI report for February to be reported in March is expected to show cooling inflation per nowcasts, but even so the FOMC may remain patient in cutting rates.

Inflation rose 2.5% over the year in January compared to 2.6% in December, marking the first decrease in four months.

Inflation decelerated but people are spending less and saving more as prices keep rising and wage growth slows. It’s worrying news for the Fed and economy.