Aug 2, 2024 · The Federal Reserve seeks to achieve inflation at the rate of 2 percent over the longer run as measured by the annual change in the price index for personal consumption expenditures (PCE). Why does the Fed target PCE inflation instead of the CPI?

Jul 19, 2024 · As the Federal Reserve conducts monetary policy, it influences employment and inflation primarily through using its policy tools to affect overall financial conditions—including the availability and cost of credit in the economy.

Feb 19, 2025 · WASHINGTON (AP) — Federal Reserve officials at a meeting last month pointed to rising risks that inflation could worsen, a key reason they kept their benchmark interest rate unchanged.. According to minutes of the Jan. 28-29 meeting, which were released Wednesday, Fed officials said that President Donald Trump’s proposed tariffs and mass deportations of …

On March 16, 2022, the Federal Reserve (Fed) raised the federal funds rate (FFR), its main monetary policy tool, by 0.25 percentage points. This was the first time that rates were raised above zero since the onset of the COVID-19 pandemic, when the Fed set rates near zero in response to the large decline in employment.

3 days ago · The central bank’s preferred inflation measure, released on Friday, climbed 2.5 percent in January from a year earlier, slightly lower than the previous reading of 2.6 percent but still well ...

3 days ago · The Federal Reserve’s preferred inflation gauge cooled as expected in January; however, the good news came with another potential red flag for the US economic engine: Consumers pulled back their ...

The Federal Reserve Bank of Cleveland provides daily “nowcasts” of inflation for two popular price indexes, the price index for personal consumption expenditures (PCE) and the consumer price index (CPI). Nowcasts are estimates or forecasts of the present.

Jul 18, 2024 · As part of the Federal Reserve’s dual mandate to promote maximum employment and price stability, inflation is a major area of ongoing research at the SF Fed. This page features a collection of content on inflation, including topics such as goods inflation, services inflation, housing inflation, and inflation expectations.

Nov 7, 2024 · Inflation has made progress toward the Committee's 2 percent objective but remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance.

Jan 29, 2024 · But data released Friday showed that over the past six months, inflation has fallen all the way back to the Fed’s 2% annual target level. In the past three months, year-over-over inflation that excludes volatile food and energy costs has dropped to just 1.5%.