An inflation gauge tracked by the Fed slows to still-high 6%
2 years ago

An inflation gauge tracked by the Fed slows to still-high 6%

Associated Press  

WASHINGTON — A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices. The report also showed that consumers spent more in October, even after adjusting for inflation, a sign of their continued willingness to keep spending in the face of high prices. “We expect to see a lot more good news on inflation over the coming months,’' Paul Ashworth, chief North America economist at Capital Economics, wrote in a research note. The Fed is believed to monitor the inflation gauge that was issued Thursday, called the personal consumption expenditures price index, even more closely than it does the government’s better-known consumer price index.

Inflation Prices Price Increase Rate Pce Fed Slows  prices  fed  slows  rate  index  rose  economy  months  stillhigh  level  price  increase  inflation  tracked  gauge

History of this topic

U.S. consumer spending rises in November; monthly inflation subsides
3 days, 13 hours ago

U.S. consumer spending rises in November; monthly inflation subsides

The Hindu  

U.S. consumer spending increased in November, underscoring the economy's enduring strength, which prompted the Federal Reserve this week to project fewer interest rate cuts in 2025 than it had three months ago. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.4% last month after a downwardly revised 0.3% gain in October, the Commerce Department's Bureau …

US Fed’s preferred inflation yardstick edges higher by 2.4% in November, stays within Wall Street estimates
4 days, 12 hours ago

US Fed’s preferred inflation yardstick edges higher by 2.4% in November, stays within Wall Street estimates

Live Mint  

The US Federal Reserve's preferred inflation measure rose for a second straight month in November by 2.4 per cent, yet stayed within Wall Street estimates. The US Commerce Department's data showed on Friday that the personal consumption expenditures price index rose 2.4 per cent year-on-year in the 12 months to November, up from 2.3 per cent in October. At 2.4 …

Federal Reserve’s preferred inflation gauge shows price pressures eased last month
4 days, 16 hours ago

Federal Reserve’s preferred inflation gauge shows price pressures eased last month

Associated Press  

WASHINGTON — An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. The modest monthly inflation figures in Friday’s report point to one likely reason why the Fed was willing to cut its benchmark interest rate Wednesday: Its preferred inflation gauge, known …

Where inflation accelerated in November – and where it eased
6 days, 16 hours ago

Where inflation accelerated in November – and where it eased

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Some products swung the other way last month, from …

Inflation rises AGAIN to its highest level since March: Price rises hit 2.6 per cent driven by spikes in the cost of petrol and fags to increase pressure on Chancellor Rachel Reeves
Trending News
6 days, 22 hours ago

Inflation rises AGAIN to its highest level since March: Price rises hit 2.6 per cent driven by spikes in the cost of petrol and fags to increase pressure on Chancellor Rachel Reeves

Daily Mail  

Inflation rose for the second month in a row in November, hitting 2.6 per cent to further increase pressure on Labour Chancellor Rachel Reeves over her Budget's impact on the country. Spikes in petrol and tobacco prices drove CPI to 2.6 per cent, up from 2.3 per cent in October, the Office for National Statistics said. Ms Reeves said: 'I …

US wholesale inflation accelerated in November in sign that some price pressures remain elevated
1 week, 5 days ago

US wholesale inflation accelerated in November in sign that some price pressures remain elevated

Associated Press  

WASHINGTON — Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago. The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.4% …

Retail inflation slows slightly at 5.48%
1 week, 5 days ago

Retail inflation slows slightly at 5.48%

Hindustan Times  

Retail inflation rose to 5.48% last month, a slower pace of increase compared to 6.21% in October, data from the Ministry of Statistics and Programme Implementation showed on Thursday. Despite the slowing pace of growth in prices, the Consumer Price Index-based rate of retail inflation stayed above the Reserve Bank of India’s 4% tolerance level, with two percentage points of …

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons
Trending News
1 week, 6 days ago

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons

India TV News  

India's retail inflation has declined to 5.48 per cent in November compared to 6.21 pewr cent in October, mainly due to easing food prices, especially vegetables, according to government data released on Thursday. According to Consumer Price Index data released by the National Statistics Office, the inflation in the food basked reduced to 9.04 per cent in November. The CPI-based …

US wholesale inflation surged higher in November
Trending News
1 week, 6 days ago

US wholesale inflation surged higher in November

CNN  

CNN — US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down the pike to consumers. A closely watched gauge of underlying wholesale inflation grew more modestly and a chunk of November’s increase could be attributed to a spike in egg prices as a deadly bird flu ripples through …

U.S. wholesale inflation accelerated in November, a sign that some price pressures remain
1 week, 6 days ago

U.S. wholesale inflation accelerated in November, a sign that some price pressures remain

LA Times  

Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago. The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.4% last month …

US inflation rose for second straight month: What are the challenges for Trump now?
1 week, 6 days ago

US inflation rose for second straight month: What are the challenges for Trump now?

Firstpost  

President-elect Donald Trump has made tackling inflation and reducing the cost of living a cornerstone of his campaign. However, the recent uptick in inflation suggests the road ahead may be more complex than anticipated Inflation in the United States ticked up for the second consecutive month in November. The consumer price index, a key measure of inflation, rose to 2.7 …

Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead
2 weeks ago

Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead

CNN  

CNN — Inflation heated back up again in November, but it likely wasn’t bad enough to keep the Federal Reserve from cutting rates next week. “We have some PTSD around egg prices from the pandemic and certainly lingering avian flu outbreaks; but those prices being up almost 40% year over year certainly is another thing people will look at in …

US consumer price increases accelerated last month with inflation pressures resilient
3 weeks, 6 days ago

US consumer price increases accelerated last month with inflation pressures resilient

Associated Press  

WASHINGTON — Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled in recent months. According to the Federal Reserve’s preferred inflation gauge, consumer prices rose 2.3% in October from a year earlier, the Commerce Department said Wednesday. Yet excluding the volatile food and energy categories, so-called “core” prices also …

Soft landing? Not so fast: Inflation heated back up in October
4 weeks ago

Soft landing? Not so fast: Inflation heated back up in October

CNN  

CNN — The Federal Reserve’s favored inflation gauge just moved in the wrong direction. “The big picture is inflation is still a risk; that hasn’t changed,” Elizabeth Renter, senior economist at NerdWallet, told CNN in an interview. “The disinflationary trend that we saw earlier this year has effectively stalled as we head into what’s likely going to be a bumpy …

Energy costs push UK inflation to 2.3 percent
1 month ago

Energy costs push UK inflation to 2.3 percent

China Daily  

Inflation in the United Kingdom increased to 2.3 percent in October, putting pressure on the Bank of England to wait until next year before making additional interest rate cuts. Figures released by the Office for National Statistics, or ONS, on Wednesday showed that surging household energy costs pushed the consumer price index higher, breaking the pattern of declining inflation rates …

Inflation behaving more like a magician who tricks you again and again
1 month ago

Inflation behaving more like a magician who tricks you again and again

New Indian Express  

The main culprit is food inflation, which jumped to 10.87%, largely led by vegetable prices that rose by a staggering 42.18% in October. As Deputy governor Michael Patra noted, inflation will likely encounter a hump in the near months largely due to an adverse base and one-off shocks to prices of vegetables, edible oils and gram. The fact that inflation …

US inflation may have picked up in October after months of easing
Trending News
1 month, 1 week ago

US inflation may have picked up in October after months of easing

Associated Press  

WASHINGTON — Annual inflation may have risen in October for the first time in seven months, a sign that price increases might be leveling off after steadily cooling for more than two years. From September to October, core prices are expected to have risen 0.3% for a third straight month — a pace that, if sustained, would exceed the Federal …

Inflation hit a bump in October after slowing for six straight months
1 month, 1 week ago

Inflation hit a bump in October after slowing for six straight months

CNN  

CNN — The annual rate of inflation moved higher last month for the first time since March, as expected — but economists say the underlying trend remains favorable for another round of interest rate cuts. Consumer prices rose 0.2% last month and were up 2.6% from the year before, according to the latest Consumer Price Index data released Wednesday by …

Inflation gauge closely watched by the Fed falls to lowest level since early 2021
1 month, 3 weeks ago

Inflation gauge closely watched by the Fed falls to lowest level since early 2021

LA Times  

As a presidential race profoundly shaped by Americans’ frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels. Inflation peaked at 7.1% in June 2022 after the economy had accelerated out of the pandemic recession at a time of severe shortages of parts …

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
3 months, 2 weeks ago

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates

LA Times  

Wednesday’s report from the Labor Department showed that consumer prices rose 2.5% in August from a year earlier, down from 2.9% in July. The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week. Excluding volatile food and energy costs, …

Federal Reserve’s favored inflation gauge shows price pressures easing as rate cuts near
3 months, 3 weeks ago

Federal Reserve’s favored inflation gauge shows price pressures easing as rate cuts near

LA Times  

An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years. In a high-profile speech last week, Fed Chair Jerome H. Powell attributed the inflation surge that …

U.S. inflation slowed again in July, clearing the way for the Fed to begin cutting rates
4 months, 1 week ago

U.S. inflation slowed again in July, clearing the way for the Fed to begin cutting rates

LA Times  

A sale sign is displayed on a store clothes rack. Wednesday’s report from the Labor Department showed that consumer prices rose just 0.2% from June to July after dropping slightly the previous month for the first time in four years. At a news conference last month, Powell said that cooler inflation data this spring had strengthened the Fed’s confidence that …

Federal Reserve’s preferred inflation gauge shows price pressures easing further
5 months, 3 weeks ago

Federal Reserve’s preferred inflation gauge shows price pressures easing further

Associated Press  

WASHINGTON — A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease. Excluding volatile food and energy prices, so-called core inflation rose 0.1% from April to May, the smallest increase since the spring of 2020, when the pandemic erupted and shut down the economy. The presumptive …

An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year
6 months, 3 weeks ago

An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year

Associated Press  

WASHINGTON — A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Overall inflation increased 0.3% from March to April, the same as in the previous month, and 2.7% from a year earlier, also unchanged from March’s figure. Friday’s …

An inflation gauge closely tracked by the Federal Reserve rises at slowest pace this year
6 months, 3 weeks ago

An inflation gauge closely tracked by the Federal Reserve rises at slowest pace this year

LA Times  

A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Inflation fell sharply in the second half of last year before sticking well above the Fed’s 2% target in the first few months of 2024. Friday’s report also showed …

Fed’s preferred inflation gauge shows price pressures stayed elevated last month
7 months, 4 weeks ago

Fed’s preferred inflation gauge shows price pressures stayed elevated last month

Associated Press  

WASHINGTON — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid. Friday’s inflation data showed that excluding volatile food and energy costs, “core” prices rose by an elevated 0.3% from February to March, …

How the rate of inflation has changed for everyday items
8 months, 1 week ago

How the rate of inflation has changed for everyday items

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation fell to a fresh …

An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually
8 months, 3 weeks ago

An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually

Associated Press  

WASHINGTON — A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease. The government reported Friday that prices rose 0.3% from January to February, decelerating from a 0.4% increase the previous month in a potentially encouraging trend for President Joe Biden’s re-election bid. Excluding volatile food …

US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate
8 months, 3 weeks ago

US economic growth for last quarter is revised up slightly to a healthy 3.4% annual rate

Associated Press  

WASHINGTON — The U.S. economy grew at a solid 3.4% annual pace from October through December, the government said Thursday in an upgrade from its previous estimate. But last quarter’s growth was still a solid performance, coming in the face of higher interest rates and powered by growing consumer spending, exports and business investment in buildings and software. In the …

Gold prices rise ahead of US inflation data, silver slips 0.3%
8 months, 4 weeks ago

Gold prices rise ahead of US inflation data, silver slips 0.3%

Live Mint  

Gold prices surged, supported by a decline in the U.S. dollar, as investors awaited upcoming data to assess inflation trends, crucial for understanding the Federal Reserve's approach to interest rates, on Tuesday. “Gold traded higher by 300rs around 66300 in MCX as Comex gold found support near 2170$ and rallied to 2195$ with backed up from the FED's dovish statements …

Federal Reserve’s preferred inflation gauge picked up last month in sign of still-elevated prices
9 months, 3 weeks ago

Federal Reserve’s preferred inflation gauge picked up last month in sign of still-elevated prices

Associated Press  

WASHINGTON — An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month. Some of January’s inflation reflects the fact that companies often raise prices in the first two months of the year, leaving January and February price data high compared with …

How inflation has hit your shopping basket
10 months, 1 week ago

How inflation has hit your shopping basket

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. A slowing of inflation among many everyday food and drink items, including cheese and …

What kept prices rising faster than expected in January? Stubborn inflation causes Dow to dive 700 points - here are the items that rose (and fell) the most over the past year
10 months, 1 week ago

What kept prices rising faster than expected in January? Stubborn inflation causes Dow to dive 700 points - here are the items that rose (and fell) the most over the past year

Daily Mail  

Annual inflation was 3.1 percent in January - above the 2.9 percent figure predicted by economists and investors. Annual inflation was 3.1 percent in January, which was a decrease from 3.4 percent in December but still 0.2 percent higher than expected The inflation figure plays a big part in the whether the Federal Reserve will cut interest rates soon rather …

Inflation slows but remains elevated, a sign price pressures are easing only gradually
10 months, 1 week ago

Inflation slows but remains elevated, a sign price pressures are easing only gradually

LA Times  

U.S. consumer prices rose more than expected in January, further reducing the chances that Federal Reserve officials will start lowering interest rates soon. At his most recent news conference, Fed Chair Jerome H. Powell singled out persistently high services prices as a concern and indicated the central bank’s policymakers would like to see services inflation ease further before starting to …

2024 brings breather on inflation but food prices are still sticky
10 months, 1 week ago

2024 brings breather on inflation but food prices are still sticky

The Hindu  

February 12, 2024 06:10 pm | Updated 09:00 pm IST - New Delhi India’s retail inflation eased to a three-month low of 5.1% in January from 5.7% a month earlier, with food price rise cooling a bit to 8.3% compared with 9.5% in December 2023. While overall inflation faced by urban consumers dropped to 4.92% from 5.5% a month ago, …

Inflation slowed further in December as an economic ‘soft landing’ moves into sharper focus
10 months, 4 weeks ago

Inflation slowed further in December as an economic ‘soft landing’ moves into sharper focus

Associated Press  

WASHINGTON — The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship. Friday’s government report showed that prices rose just 0.2% from November to December, a pace …

Which everyday items have seen a rise in inflation – and where has it eased?
11 months, 1 week ago

Which everyday items have seen a rise in inflation – and where has it eased?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Average prices for cigarettes increased by 15.7% in the …

Wholesale inflation increases to 0.73 per cent in December on rising food prices
11 months, 1 week ago

Wholesale inflation increases to 0.73 per cent in December on rising food prices

India TV News  

The Wholesale Price Index -based inflation rose by 0.73 per cent in December, primarily driven by an increase in food prices. The Commerce and Industry Ministry, in a statement on January 15, explained that the positive inflation rate in December 2023 is mainly due to higher prices of food articles, machinery and equipment, other manufacturing, other transport equipment, and computer, …

Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease
1 year ago

Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease

Associated Press  

WASHINGTON — The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that Americans should benefit from reduced interest rates and get relief from painful price shocks in 2024. Friday’s report from the Commerce Department showed that U.S. consumer prices slid 0.1% last month from October and rose 2.6% from November 2022. Excluding …

Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease
1 year ago

Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease

LA Times  

The Federal Reserve’s favored inflation gauge shows somewhat more progress against inflation in November than economists had expected. The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that Americans should benefit from lower costs and reduced interest rates in 2024. Friday’s report from the Commerce Department showed that U.S. consumer prices slid …

Wholesale inflation in US slowed further last month, signaling that price pressures continue to ease
1 year ago

Wholesale inflation in US slowed further last month, signaling that price pressures continue to ease

Associated Press  

Wholesale inflation in the United States was unchanged in November, suggesting that price increases in the economy’s pipeline are continuing to gradually ease. The Labor Department reported Wednesday that its producer price index — which tracks inflation before it reaches consumers — was flat from October to November after having fallen 0.4% the month before. Excluding volatile food and energy …

U.S. inflation likely cooled again in November as Fed prepares to assess interest rates
1 year ago

U.S. inflation likely cooled again in November as Fed prepares to assess interest rates

The Hindu  

This year's steady slowdown in U.S. inflation likely continued in November, though the latest data may also point to steadily higher prices in some areas of the economy. But a closely watched category called “core prices,” which excludes volatile food and energy costs, is predicted to rise 0.3% from October to November — a monthly pace that far outpaces the …

Federal Reserve’s preferred inflation gauge shows price pressures continuing to cool
1 year ago

Federal Reserve’s preferred inflation gauge shows price pressures continuing to cool

Associated Press  

WASHINGTON — The Federal Reserve’s preferred inflation measure cooled last month, the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth. Under the hood, there is a slowing that suggests they’re making progress.” In the past six months, core inflation has risen at just a 2.5% annual rate, not far above …

Retail inflation for October in line with forecasts at 4.87%
1 year, 1 month ago

Retail inflation for October in line with forecasts at 4.87%

Hindustan Times  

India’s benchmark inflation rate, as measured by Consumer Price Index, stood at 4.87% in the month of October, the lowest this number has been since June. The short-term spike and subsequent moderation in this number – it jumped to 7.4% in July and has fallen every month since – is essentially the reflection of fall in vegetable price inflation. The …

Retail inflation further eases to four-month low of 4.87%
1 year, 1 month ago

Retail inflation further eases to four-month low of 4.87%

India Today  

Retail inflation declined to a four-month low of 4.87 per cent in October due to further drop in food prices, showed government data released on Thursday. This marks the second consecutive month when the consumer price index or CPI-based inflation has remained within the Reserve Bank of India’s comfort zone of below 6 per cent. The inflation based on the …

Fed’s preferred inflation gauge shows a modest rise in latest sign of slowing price increases
1 year, 3 months ago

Fed’s preferred inflation gauge shows a modest rise in latest sign of slowing price increases

Associated Press  

WASHINGTON — An inflation gauge closely tracked by the Federal Reserve remained low last month, adding to signs of cooling price increases and raising the likelihood that the Fed will leave interest rates unchanged when it next meets in late September. Some economists noted that the increase in year-over-year inflation rates underscored Fed Chair Jerome Powell’s message in a high-profile …

A surge foretold: On inflation data
1 year, 4 months ago

A surge foretold: On inflation data

The Hindu  

The latest NSO data, showing retail inflation accelerating to a 15-month high, comes less than a week after the Reserve Bank of India left interest rates unchanged even as it warned of “a substantial increase in headline inflation” in the near term. The primary driver of this surge was the food price component, with the Consumer Food Price Index-based inflation …

Inflation ticks up modestly to 3.2% but core products continue to cool - sparking speculation the Fed could pause relentless interest rate hikes in September
1 year, 4 months ago

Inflation ticks up modestly to 3.2% but core products continue to cool - sparking speculation the Fed could pause relentless interest rate hikes in September

Daily Mail  

Inflation in the US has ticked up to a 3.2 percent annual rate - rising slightly in July from June's 3 percent annual increase. Inflation in the US has ticked up to a 3.2 percent annual rate - rising slightly in July from June's 3 percent annual increase The 3.2 percent annual inflation rate is a sharp decrease from the …

RBI Monetary Policy: FY24 Inflation Forecast Raised To 5.4 Per Cent On Higher Vegetable Prices
1 year, 4 months ago

RBI Monetary Policy: FY24 Inflation Forecast Raised To 5.4 Per Cent On Higher Vegetable Prices

ABP News  

Reserve Bank of India Governor Shaktikanta Das on Thursday during his address on the Monetary Policy Committee's said that the rate setting panel has made an upward revision to its inflation forecast for 2023-24, raising it by 30 basis points to 5.4 per cent. Driving the full-year inflation forecast hike was that for the second quarter, which is now seen …

US price and wage increases slow further in the latest signs of cooling inflation
1 year, 4 months ago

US price and wage increases slow further in the latest signs of cooling inflation

Associated Press  

WASHINGTON — Signs that inflation pressures in the United States are steadily easing emerged Friday in reports that consumer prices rose in June at their slowest pace in more than two years and that wage growth cooled last quarter. Together, the figures provided the latest signs that the Federal Reserve’s drive to tame inflation may succeed without triggering a recession, …

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