Latest in Inflation Rate Drops
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Inflation Rose in November, But Not Enough to Stop Another Rate Cut
The Fed will meet next week, and the mild uptick is not expected to derail an anticipated quarter-point reduction in interest rates.Inc. - 11h -
Here’s the inflation breakdown for November 2024 — in one chart
Increases in prices for groceries and gasoline outweighed disinflation in categories such as shelter, according to the consumer price index.CNBC - 11h -
Annual inflation rate accelerates to 2.7% in November, as expected
The consumer price index was expected to rise 0.3% in November and 2.7% from a year ago.CNBC - 14h -
Why the Fed Will Cut Rates Even Though Inflation Hasn’t Budged
Everyday Americans still expect sticky inflation in the coming years.Inc. - 18h -
T-bill rates fall below 4.4% after November CPI solidifies December rate cut
Yields on short-term Treasury bills dropped on Wednesday after November’s consumer-price index cemented expectations for a quarter-point interest-rate cut by the Federal Reserve next week.MarketWatch - 8h -
Concerning new data on U.S. inflation
New inflation data shows concerning consumer trends and sticky high prices for food and shelter. CBS MoneyWatch correspondent Kelly O'Grady reports.CBS News - 8h -
Inflation Ticks Up, but Details Are Encouraging for the Fed
Inflation sped up last month, but the details suggested cooling ahead. Next week, the Fed will make its final rate decision for 2024.The New York Times - 9h -
This nugget of good news in hottish CPI inflation report may cement Fed interest-rate cut
Inflation has risen since the summer and raised anxiety at the Federal Reserve, but a welcome slowdown in housing costs could be just what the doctor ordered.MarketWatch - 10h -
US inflation rose to 2.7% in November
Figure matches Wall Street’s forecasts and clears way for Federal Reserve rate cut next weekFinancial Times - 11h -
CPI shows uptick in inflation before final 2024 rate decision from Federal Reserve
New data from the Labor Department shows the consumer price index, a key inflation gauge, rose 0.3% in November. That will likely impact the Federal Reserve's final interest rate decision of 2024. ...CBS News - 13h -
Mortgage refinance demand surges 27%, as interest rates drop for the third straight week
Mortgage rates fell again last week, and while the drop wasn’t huge, it was enough to spur current homeowners to look for some savings.NBC News - 13h -
Inflation and interest rates tracker: see how your country compares
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects youFinancial Times - 15h -
Inflation ticks higher as Fed eyes another rate cut
Inflation picked up slightly in November, according to data released Wednesday by the Labor Department, but likely not by enough to derail the Federal Reserve's plans for another rate cut. Consumer ...The Hill - 15h -
Mortgage refinance demand surges 27%, as interest rates drop for the third straight week
Mortgage rates fell again last week, and while the drop wasn't huge, it was enough to spur current homeowners to look for some savings.CNBC - 15h -
Traders are pretty sure of a Fed rate cut. What happens if inflation data is too hot?
Traders are pretty confident the Fed will deliver a rate cut next week. What happens if inflation data throws the market a curveball.MarketWatch - 19h -
Pay UK bosses like football stars, says Lord Spencer
Founder of ICAP claims boosting chief executives’ salaries would help London’s competitivenessFinancial Times - 1d -
Will HELOC interest rates continue dropping this December?
HELOC interest rates have been on a decline for much of 2024 but will they continue to drop this month?CBS News - 1d -
China consumer inflation rate drops to a five-month low, missing expectations as economy slows
China's consumer prices rose less-than-expected in November, climbing 0.2% from a year ago, according to data from the National Bureau of Statistics released Monday.CNBC - 3d -
Arsenal ratings: Lackluster Gunners drop points
Their set-piece prowess saved a point at Fulham, but Arsenal could only move one point closer to Liverpool.ESPN - 3d -
How fast will the ECB lower interest rates?
Market Questions is the FT’s guide to the week aheadFinancial Times - 3d -
Harassment case against Lizzo dropped
The singer cannot be sued as an individual, a judge has ruled.BBC News - 5d -
How Online Reviews and Ratings Have Evolved for Customers
Dentists, doctors, professors, dry cleaners: What can’t you rate anymore?The New York Times - 6d -
Inflation threatens Fed rate-cut expectations once again. Here’s why.
With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ...MarketWatch - Dec. 4 -
Chipotle says it's raising prices 2% in response to inflation
Chipotle said it's raising its menu prices by 2%, a rare direct admission about the impact of ongoing price increases in the economy on its finances.NBC News - Dec. 4 -
The positive flipside of rampant inflation
The biggest debt reduction scheme in history?Financial Times - Dec. 4 -
Interest rates forecast to be higher for longer due to Budget
Measures in the Budget will boost growth in the short-term, but interest rates will fall more slowly, it says.BBC News - Dec. 4 -
BoE governor expects four UK rate cuts next year as inflation eases
Andrew Bailey welcomes better than expected fall in price growth in FT interviewFinancial Times - Dec. 4 -
Australia's third-quarter GDP grows at a slower-than-expected 0.3% amid higher rates and sticky inflation
Australia's economy grew at slower than expected in the third quarter, as elevated borrowing costs and sticky inflation continued to weigh down on the slowing economy.CNBC - Dec. 4 -
What drives home equity loan interest rates?
Wonder what impacts home equity borrowing rates? Here are the factors borrowers should be aware of.CBS News - Dec. 3 -
Biden’s Christmas present for Trump: Sticky inflation
President Biden's big-spending ways have ensured that the nation's initial progress in inflation reduction is flattening out, keeping inflation rates higher than Federal Reserve Bank officials prefer.The Hill - Dec. 3 -
What's the mortgage interest rate forecast for December 2024?
If you're planning to buy or refinance a home this month, here's what mortgage rates could look like.CBS News - Dec. 3 -
Feel festive with December's finest drops, exhibitions and events
From Doug Aitken's "Lightscape" to D.S. & Durga's new store in Silver Lake, this list will keep you merrily busy.Los Angeles Times - Dec. 3 -
Fed Governor Waller says he is 'leaning toward' a December rate cut, but worries about inflation
Federal Reserve Governor Christopher Waller cited recent data indicating that progress on inflation may be "stalling."CNBC - Dec. 2 -
Fed Governor Waller says he is 'leaning toward' a December rate cut but worries about inflation
Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind.NBC News - Dec. 2 -
A Second-Rate Crime Gets a Second-Rate Pardon
At least Joe didn’t make Hunter ambassador to a major international ally.The New York Times - Dec. 2 -
Will credit card interest rates fall this December?
Credit card rates are sitting at a record high right now, but will they drop lower this month? Here's what to know.CBS News - Dec. 2