Inflation Data Reinforce Powell's Shift Toward High for Longer

The Fed's preferred inflation gauge was up 0.3% in March—a 2.8 percent increase from a year earlier

By Steve Matthews | April 26, 2024 at 06:34 PM

Photo: A shopper carries a MUJI USA bag in the Soho neighborhood of New York City on April 11, 2024.

Fresh inflation data released today cemented the message from Federal Reserve Chair Jerome Powell last week that high interest rates are here to stay for now.

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By Augusta Saraiva | July 26, 2024

The Federal Reserve's preferred measure of underlying U.S. inflation rose at a tame pace in June and consumer spending remained healthy—two encouraging…

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