The Fed’s Preferred Inflation Measure Ticked Up Slightly in December
The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.
US inflation rises in December; consumer spending accelerates
U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year. The personal consumption expenditures ...
Key Fed measure shows core inflation at 2.8%, in line with expectations
Inflation closed out 2024 on a strong note, as a price gauge the Federal Reserve focuses on came in well above the central ...
Fed’s Goolsbee Lauds Inflation Progress But Supports Slower Pace
Federal Reserve Bank of Chicago President Austan Goolsbee praised the latest inflation data, adding it’s appropriate to lower interest rates as price growth slows.
Trump may be his own worst enemy in his fight against the Fed
Trump said Powell and the Fed "failed to stop the problem they created with inflation" in a post on Truth Social on Wednesday ...
Fed's Goolsbee comforted by latest inflation data, worried about tariffs
Chicago Federal Reserve President Austan Goolsbee said inflation data released on Friday was a bit better than expected and ...
PCE Report Shows Fed's Favorite Inflation Measure Accelerated In December
The Federal Reserve's preferred measure of inflation picked up in December, pushing the central bank's goal of a 2% annual rate farther into the distance.
Inflation Worsened in December. What It Means for Fed Rate Cuts.
A spike in energy prices helped to lift the headline PCE price index in December. The combined cost of gasoline, electricity, ...
Dow opens 100 points higher after PCE inflation report, Apple earnings
U.S. stocks opened higher on Friday after an earnings report from Apple impressed investors by showing strong growth in the consumer-tech giant's services business. Later, a reading from the Federal ...
The Fed Is Sitting on the Sidelines, but for How Long?
The relative calm in the markets may not survive upheaval in the A.I. sector and a deluge of disruptive Trump policies, our ...
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 ...
Stock Futures Hold Gains After PCE Inflation Data
Stock futures held onto earlier gains after the Federal Reserve’s preferred inflation gauge matched expectations. Dow futures were up 0.3%. S&P 500 futures were up 0.4%. Nasdaq 100 futures were up 0.7 ...