Fed keeps key interest rate steady
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Although there are signs that inflation is starting to ease, consumers still face pressures from high food prices and other costs.
The inflation genie could be back out of the bottle, with experts warning households they will need to relearn the lessons of 2022.
Competition among smaller banks and credit unions has pushed the leading APY up to 4.50%
The CPI was expected to rise 3% on an annual basis last month, according to economists surveyed by financial data firm FactSet. In the most recent inflation reading, from September, the CPI rate rose 3% on an annual basis. November's cooler inflation data ...
Inflation is rising to a greater degree in the Bay Area than nationwide. The nation’s consumer price index rose at a yearly pace of 2.7% in December, the Bureau of Labor Statistics reported.
Treasury yields were little changed and remained above yesterday’s levels as the Fed leaves rates unchanged, as expected, and indicates its March decision will depend on upcoming data.