Sticky inflation might make it more tricky for Fed rate cuts, CPI could show

Will credit card interest rates increase now that inflation is climbing?

Inflation ticked back up again in October, which could impact your credit card interest rates. Here's how.

What does the inflation rate increase mean for American consumers?

The Labor Department data released Wednesday showed that inflation ticked back up in October, which is what economists were expecting. CBS News MoneyWatch correspondent Kelly O'Grady has more on ...

New U.S. economy data before next Fed interest rate decision

The Federal Reserve will soon announce its next interest rate move as new data trickles in about the U.S. economy. CBS News MoneyWatch correspondent Kelly O'Grady reports.

Mortgage rates inch up to a 3-month high ahead of Fed meeting

Mortgage applications fell 10.8% in the last week, the Mortgage Bankers Association said.

Business - MarketWatch - November 6

Powell says the Fed doesn't need to be 'in a hurry' to reduce interest rates

"The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully," Powell said.

Business - CNBC - 4 hours ago

Powell says Fed in no ‘hurry’ to lower interest rates further

Central bank chair warns path to a reduction in inflation will be ‘bumpy’

Business - Financial Times - 3 hours ago

Traders see good chance the Fed cuts again in December then skips in January

Fed funds futures contracts pointed to a roughly 75% probability that the U.S. central bank would cut rates again in December.

Business - CNBC - November 7

New inflation data shows increase, days after election

Inflation accelerated in October, snapping a streak of six consecutive months of cooling inflation.

What to know about inflation as data shows slight rise

if a rise in inflation becomes a trend it could affect the Federal Reserve's quest to reach its target rates and keep the economy healthy. CBS News' Kelly O'Grady has more on the new data.

Wholesale prices rise again, PPI shows, due to stubborn pockets of inflation

U.S. wholesale prices rose a bit faster in October and suggested the battle by the Federal Reserve to reduce inflation to low prepandemic levels may go on a while.

Business - MarketWatch - 11 hours ago

U.S. inflation shows signs of improvement as prices stabilize since 2022

As inflation nears the government's two percent target, food prices continue to rise while energy costs decline. Jill Schlesinger explains what these changes mean for consumers.

Why inflation in one battleground state could sway the election

With a tight race between Kamala Harris and Donald Trump, the U.S. election could hinge on how voters choose to look at inflation. Here's why.

US inflation is down. Could it still be Kamala Harris’s downfall?

American voters’ discontent with high living costs may decide who wins the White House next week

World - Financial Times - October 31

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