Today news
About the same in other media
Fed Official Warns Inflation Fight Has ‘Ways to Go’
Reading now: 606
The Federal Reserve needs to keep raising interest rates to get inflation under control, even after last week’s report that it slowed in October, a central bank official said Sunday.
Markets rallied after the Labor Department reported Thursday that so-called core prices, which exclude volatile food and energy items, rose 0.3% from September, the smallest monthly gain in a year, and by 6.3% on a year-over-year basis, down from 6.6% in September. Investors and policy makers watch core readings closely as a reflection of broad price pressures and as a predictor of future inflation.
Read more on wsj.comAbout this in other media
Fed Minutes Show Most Officials Favored Slowing Rate Rises Soon wsj.com /1 year ago
Fed Minutes Show Most Officials Favored Slowing Rate Rises Soon wsj.com /1 year ago
Fed Minutes Show Most Officials Favored Slowing Rate Rises Soon wsj.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
