Consumer spending, which accounts for more than two-thirds of U.S. economic activity, jumped 0.7% in December after an ...

U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting ...

Investors are snapping up crude oil futures as a hedge against the risk that U.S. President Donald Trump's threatened trade ...

The Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. increased in line with ...

The Core PCE Price Index, the Federal Reserve's preferred measure of inflation, increased 0.2% M/M in December, in line with ...

Inflation data coming Friday should show a quicker rise in consumer prices at the end of 2024, supporting the Federal Reserve ...

On a three-month annualised basis — seen as a more accurate picture of the trajectory of inflation — the core PCE price gauge ...

Consumer prices in the economy continued trending upward after touching a 17-year low of 2.7 percent in October last year.

The accompanying policy statement did not include the reference to inflation having made progress toward the Fed's 2% target. No rate cut is expected before June ...

The Federal Reserve’s preferred inflation gauge moved even higher in December, driven largely by rising energy prices as well as food. However, a closely watched measurement of underlying inflation ...

The document noted that retail headline inflation eased from 5.4 per cent in the 2023-24 fiscal year (FY24) to 4.9 per cent ...