How sticky inflation and Fed rate cuts impact Americans' wallets

2024 was a departure from the high inflation numbers of just two years ago, but the fight against rising prices is not over. CBS News MoneyWatch correspondent Kelly O'Grady looks back on the biggest economic and business stories of the year.

Topics

How the Fed's rate cuts will affect Americans directly?

The Federal Reserve announced its third consecutive interest rate cut of the year on Wednesday, cutting its benchmark rate by a quarter point. Interest rates have now been slashed by a full ...
CBS News - 1d
The Fed Cut Rates and Signaled a Long Fight Against Inflation

Also, California declared an emergency over bird flu. Here’s the latest at the end of Wednesday.
The New York Times - 1d
Fed cuts interest rates by quarter point despite firmer inflation

The Federal Reserve cut interest rates by a quarter of a percentage point Wednesday, in line with market expectations, even as inflation has reaccelerated over the past two months. Fed officials ...
The Hill - 1d
Economists trim Fed rate cut estimates on fear of Trump inflation surge

Deregulation, tax cuts and tariffs stoke probability of stubbornly high price growth, FT-Chicago Booth poll finds
Financial Times - 4d
Muted wholesale inflation rate likely gives final go-ahead for Fed to cut interest rates

A key measure of U.S. wholesale inflation posted a small increase in November and probably added the final nail in the coffin in favor of a widely expected reduction in interest rates next week.
MarketWatch - Dec. 12
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 - Dec. 11
Why the Fed Will Cut Rates Even Though Inflation Hasn’t Budged

Everyday Americans still expect sticky inflation in the coming years.
Inc. - Dec. 11
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
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

How sticky inflation and Fed rate cuts impact Americans' wallets

Topics

Related

How the Fed's rate cuts will affect Americans directly?

The Fed Cut Rates and Signaled a Long Fight Against Inflation

Fed cuts interest rates by quarter point despite firmer inflation

Economists trim Fed rate cut estimates on fear of Trump inflation surge

Muted wholesale inflation rate likely gives final go-ahead for Fed to cut interest rates

Inflation ticks higher as Fed eyes another rate cut

Why the Fed Will Cut Rates Even Though Inflation Hasn’t Budged

Inflation threatens Fed rate-cut expectations once again. Here’s why.

Fed Governor Waller says he is 'leaning toward' a December rate cut, but worries about inflation

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