Inflation rose to 2.6% in Fed’s preferred gauge in December
Inflation rose two-tenths of a percentage point to 2.6% for the year ending in December, the Bureau of Labor Statistics reported Friday in an update to the personal consumption expenditures index, the ...
Inflation ticked higher last month, in latest sign of persistent price pressures
WASHINGTON (AP) — An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that ...
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December Consumer Spending Accelerates as Annual Core Inflation Holds Steady
Consumer spending growth accelerated at the end of 2024, while the Federal Reserve's preferred inflation metric held steady at the annual level, government data showed Friday. Personal consumption ...
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Stock Market Today: Indexes Mostly Higher As Nvidia's Huang Is Set To Meet Trump Amid Tariff Threat (Live Coverage)
The Fed's preferred inflation gauge, the personal consumption and expenditures index, rose 0.3% from November and 2.6% on an ...
Key US inflation gauge posts largest monthly rise since last April
The increase was in line with economists' expectations. In the 12 months through December, the PCE price index advanced 2.6%.
Next Week: job openings, employment report, services sector update,
The Institute for Supply Management releases its latest report on the U.S. service sector on Wednesday. Economists forecast the monthly index edged lower in January, following a jump in December. The ...