Fed, Inflation and interest rates
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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.
The rate cut could gradually reduce costs for mortgages, credit cards, auto loans, and business borrowing, offering some relief to consumers and companies.
October is almost over and the US Bureau of Labor Staff — rather than collecting and checking price data — continue to be furloughed. While it’s possible that the BLS will be able to survey firms not only on their prices in November,
Powell said that estimates indicate the Fed’s preferred inflation gauge, the personal consumption expenditures price index, rose 2.8% over the 12 months ending in September. Core PCE prices rose 2.8% as well.
Supporters of Issue 51 also cite uncertainty over continued state and federal funding, with cuts threatened at both levels. Some of those cuts have already been carried out, with state lawmakers rolling back the previously agreed to Fair School Funding Plan, slashing the public schools budget by $3 billion.
Turkey's monthly inflation rate is expected to be 2.83% in October, driven by hikes in clothing and food prices, while the year-end annual inflation forecast rose to 32%, a Reuters poll showed on Thursday.
Rising food prices remain the top concern among consumers globally, according to a recent study. Food inflation ranked higher than war, job security, housing costs and climate change.
The inflation rate in Germany decreased to 2.3% in October from 2.4% in September of 2025. The Consumer Price Index in Germany increased 0.3% in October of 2025 over the previous month. ETFs: (NYSEARCA:EWG),
South African Reserve Bank Governor Lesetja Kganyago said on Thursday there was no reason to delay a push for a lower inflation target to 3% despite persistent pockets of inflationary pressure from administered prices and wages.
Inflation last month rose at an annual rate of 3%, coming in below economists' forecasts as the impact of President Trump's tariffs remain muted.