ECB leaves rates on hold
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Measuring inflation without government data is difficult right now, but there other indicators of where prices are and where they are headed.
The Federal Reserve’s goal is to keep inflation at or under 2%. Annual inflation rose slightly in September, but not as much as economists had expected, providing the central bank with a clear path fo
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The rate cut could gradually reduce costs for mortgages, credit cards, auto loans, and business borrowing, offering some relief to consumers and companies.
Home-price growth continues to slow in the 20 biggest metro areas in the U.S., as the housing market buckles under the weight of high mortgage rates and high home prices.
Fed Chair Jerome Powell said inflation is not far from the central bank’s 2% goal if higher U.S. tariffs are removed from the equation. “You see goods prices increasing. That’s moving inflation up,” Powell said.
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