By Louis Navellier Last Wednesday, the Federal Open Market Committee (FOMC) cut key interest rates 0.25% for the third time this year, as expected, and also lowered its inflation forecast for 2026 to a 2.4% annual pace, down from 2.6% previously, and raised its 2026 GDP forecast to 2.3%, well above its previous 1.8% forecast. […]
Tag: Consumer Price Index (CPI)
A consumer price index is a price index, the price of a weighted average market basket of consumer goods and services purchased by households.
