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Fed's Lacker says he is confident inflation will return to 2%

Fed's Lacker says he is confident inflation will return to 2%

US inflation is likely to accelerate in coming years and move toward the Federal Reserve`s 2 percent target, Richmond Fed President Jeffrey Lacker said on Monday, flagging upside risks to price growth

Fed's Lacker says he is confident inflation will return to 2 percent

US inflation will likely accelerate in coming years and move toward the Federal Reserve`s 2 percent target, Richmond Fed President Jeffrey Lacker said on Monday.

US consumer spending rises; core inflation firms slightly

US consumer spending grew briskly in August and a key measure of inflation firmed a bit, signs of strength in America`s domestic economy that could lead the Federal Reserve to tighten interest rates despite weakness abroad.

Weak US inflation complicates Fed rate decision

U.S. consumer prices unexpectedly fell in August as gasoline prices resumed their decline and a strong dollar curbed the cost of other goods, pointing to tame inflation that complicates the Federal Reserve`s decision whether to hike interest rates.

As Fed meets, US inflation falls

US consumer prices fell slightly in August, dragged lower by tumbling gasoline prices, the government reported Wednesday ahead of a key Federal Reserve meeting on increasing interest rates.

US jobless claims drop; imported inflation remains weak

The U.S. labor market appeared to gain momentum in early September as fewer Americans filed for weekly unemployment benefits, but weak inflation pressures may complicate the Federal Reserve`s decision whether to raise interest rates.

Fed's Fischer sees inflation rebound, allowing gradual rate hikes

US inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a possible Chinese slowdown.

The Fed won`t wait for 2% inflation to raise rates: Fischer

Federal Reserve Vice Chairman Stanley Fischer warned Saturday that the US central bank will not wait for inflation to hit two percent before raising interest rates.

Fed inadvertently publishes staff forecast for 2015 rate hike

Fed inadvertently publishes staff forecast for 2015 rate hike

The rate forecast was included with a series of bearish projections on U.S. economic growth and inflation that were presented to policymakers at their June 16-17 meeting.

US consumer inflation returns in June

US consumer prices rose broadly in June, bringing the annual inflation rate back into positive territory, government data released Friday showed.

US inflation steadies in April

The Fed`s preferred inflation measure, the personal consumption expenditures price index, rose 0.3 percent in March year-over-year, while the core PCE price index was up a modest 1.3 percent.

Fed opens door wider for rate hike but downgrades economic outlook

The Federal Reserve on Wednesday moved a step closer to hiking rates for the first time since 2006, but downgraded its economic growth and inflation projections, signalling it is in no rush to push borrowing costs to more normal levels.

Dollar eases in Asia after US inflation rally

The euro rose to $1.1206, from $1.1198, but it slipped to 133.65 yen from 133.72 yen in US trade.

Asian shares slip on profit-taking

Asian markets slipped on profit-taking Thursday following the previous day`s hefty gains while there was little positive reaction after a closely watched indicator showed a slight pick-up in Chinese manufacturing activity.

US inflation ticks up unexpectedly in September

US consumer prices rose slightly in September, contrary to analysts` expectations, the Labor Department reported Wednesday.

US consumer prices post first decline in nearly 1-1/2 years

The Labor Department said on Wednesday its Consumer Price Index dropped 0.2 percent last month as a broad decline in energy prices offset increases in food and shelter costs. 

US stocks dip on weak inflation ahead of Fed meeting

Wall Street stocks on Tuesday opened lower following a weak US inflation report.

Modest inflation data helps push US stocks higher

US stocks pushed higher in early trade Friday, looking toward a possible third straight gain helped by data showing the economy continues to grow with inflation in check.

Yellen resolved to avoid raising rates too soon, fearing downturn

Approaching a historic turn in US monetary policy, Janet Yellen has staked her tenure as chair of the Federal Reserve on a simple principle: she`d rather fight inflation than another economic downturn.

Oil price risks put inflation back in focus

Oil prices neared nine-month highs late last week, touching $115 a barrel.