Tag: inflation data

Posted on

CPI Report Brings Mixed Signals: Inflation Eases but Fed Remains Cautious

90 558067531

the staff of the Ridgewood blog

Ridgewood NJ, in a surprising turn, the Consumer Price Index (CPI) for May remained flat, defying expectations of a 0.1% increase and stalling from April’s 0.3% rise, according to the Department of Labor. Core CPI, which excludes volatile food and energy prices, also showed signs of easing, rising by just 0.2% compared to the anticipated 0.3%.

Continue reading CPI Report Brings Mixed Signals: Inflation Eases but Fed Remains Cautious

Posted on

The Fed Holds Off on Rate Cuts Citing ‘lack of further progress’ On Inflation

105710130 1548884128761powell 65805735 scaled

the staff of the Ridgewood blog

Washington DC,  the Federal Reserve has opted to maintain interest rates at current levels amid a backdrop of rising inflation and a resilient labor market, signaling that potential rate cuts are likely to be postponed further into the year.

Continue reading The Fed Holds Off on Rate Cuts Citing ‘lack of further progress’ On Inflation