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

Chancellor has been pushing cabinet ministers to find ways to reduce financial pressure on households ahead of Budget

Federal Reserve Bank of St. Louis President Alberto Musalem said officials should move cautiously with further interest rate reductions with inflation running above the central bank’s 2% target.

Trump claimed Friday: “We have almost no inflation. We’re down now to 2%.” He said at the same event: “Inflation is almost nonexistent.” Those claims are slightly more accurate than Trump’s late-October claims that “we don’t have any inflation” and that “we’re down to 2%, even less than 2%.” But the new claims are still wrong.

Susan Collins, who votes on policy this year, said last month’s rate cut — the second in a row — was “prudent” in order to support a labor market where hiring has weakened.

India’s inflation rate fell to a record low in October, driven by a sharp drop in food prices, prompting economists to predict more aggressive interest rate cuts.

Since the Fed’s rate cut at the end of October, the entire yield curve from the 3-month Treasury yield to the 30-year Treasury yield has risen. Mortgage rates have risen too. Read more here.

The rise in consumer prices is on track to exceed the central bank’s target until 2028. Cleveland Fed President Beth Hammack is trying to get that inflation rate down.