Fed's preferred inflation gauge stayed elevated
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Inflation stayed well above the Federal Reserve's target of a 2% annual rate in September according to a belated report on consumer prices.
Consumer prices increased moderately in September. The Personal Consumption Expenditures price index, which is the Federal Reserve’s preferred inflation gauge, showed a 0.3 percent monthly increase in prices.
Stagflation looks increasingly likely in 2026 as the economy looks on track to grow below-trend while inflation runs "uncomfortably" hot, RBC said.
Dems are racing to make the midterm elections squarely about MAAA (Make America Affordable Again) as Trump hits the road to spread his economic message.
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Inflation slows to 1.5% in November 2025
The inflation rate in November 2025 eased to 1.5% in November, a decrease from the previous month’s 1.7%, according to the Philippines Statistics Authority (PSA) on Friday,.
Consumer sentiment improved marginally in December as respondents to the survey said that they expected an improvement in inflation and in their personal finances.
U.S. economic growth will increase slightly next year but employment gains will remain sluggish and the Federal Reserve will slow any further rate cuts, economists polled by the National Association for Business Economics said in the group's year-end forecast survey.
A shutdown-delayed federal report released Friday found overall U.S. inflation crept up slightly in September, driven mostly by rising gas and grocery prices as consumer spending cooled.