TASS has collected the main statements by the Central Bank chief. -The general task is "quite complicated" as it implies finding "a balanced solution in order, on the one hand, to steadily reduce ...

Personal consumption expenditures (PCE) is a measure of consumer spending and includes all goods and services bought by U.S. households. Learn how it's used.

The inflation rate, as measured by the Consumer Price Index, was 2.4% in May, still above the Fed's target rate of 2%. There has been speculation that Mr. Trump's tariffs could drive up inflation ...

Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of this year, the same as they projected in March.

The average APR for a new car loan was 7.3% in May, the same as it was a year earlier. On used car loans, the rate fell slightly to 11% from 11.5%. But loan amounts grew by roughly $1,800 in that ...

The call to keep rates at steady this month comes alongside a modest rise in inflation. The year-over-year inflation rate ticked up in May to 2.4% from 2.3%, a figure lower than expected but still ...

US Gross Domestic Product (GDP) is now projected at 1.4% this year, down from the previous forecast of 1.7%. For 2026, the economy is expected to grow by 1.6%, below the 1.8% estimated in March.

Fed officials see inflation, according to their preferred measure, rising to 3% by the end of this year, from 2.1% in April, according to the projections released Wednesday. They also project the ...

In an updated forecast, Fed officials now expect inflation, as measured by the core personal-consumption expenditures (PCE) index, to jump to 3.1% by the end of the year, up from a rate of 2.5% in ...

The Federal Reserve left interest rates unchanged on Wednesday while forecasting higher inflation and lower economic growth for the remainder of 2025. The central bank also updated its economic ...

In March, the annual core inflation rate was 0.5%, the lowest rate in more than three years. The survey was sent out to respondents on May 22, the same day final first-quarter GDP data was released.

That means inflation remains substantially above the Bank of England's target rate of 2%. The bank's rate-setting Monetary Policy Committee is due to announce its latest interest rate decision on ...