• Key Measures Show Inflation Increased in December

    11 monthes ago - By Calculated Risk

    The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning:
    According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.3% in December. The 16% trimmed-mean Consumer Price Index rose 0.2% during the month. The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics' monthly CPI report.
    Earlier today, the BLS reported that the seasonally adjusted CPI for all urban consumers rose 0.1% in December. The CPI less food and...
    Read more ...

     

  • Federal Reserve fines five banks to wrap up mortgage servicing charges

    Federal Reserve fines five banks to wrap up mortgage servicing charges

    11 monthes ago - By Reuters

    WASHINGTON - The Federal Reserve fined five large U.S. banks a combined $35.1 million to settle cases of mortgage servicing flaws dating back to 2011.
    Read more ...