Prices excluding food and energy rose at an annual rate of 2.8% in April as inflation eased after flaring earlier this year.
It is a worrying sign for the Fed, suggesting that the elevated pace of price increases could last longer than expected.
The Fed watches the personal consumption expenditures price index closely. It rose at the slowest monthly rate this year, ...
If your budget is squeezed by high borrowing costs for mortgages, credit cards and other loans, a relatively tame inflation ...
As the inflation figure trends upwards, the Bank raises rates to cool an overheated economy. Since April 2022, the BoC has hiked its overnight rate 10 times by 475 basis points, to currently sit ...
U.S. inflation tracked sideways in April, a worrying sign for the U.S. central bank that suggests the elevated pace of price ...
US inflation tracked sideways in April and consumer spending weakened, mixed signals for the Federal Reserve that provided ...
The Fed's preferred inflation measure held steady last month, sparking hopes of stabilizing prices — but also concerns of ...
U.S. inflation tracked sideways in April, a worrying sign for the Federal Reserve that suggests the elevated pace of price ...
The report from the Commerce Department on Friday also showed tepid consumer spending, a wrinkle that could help the Fed's ...
U.S. job openings tumbled in April to the lowest level in more than three years, the latest sign that the labor market is cooling off as the economy slows ... closely watches these figures as it tries ...
April Core PCE Price Index: +0.2% M/M vs. +0.2% consensus and +0.3% in March. +2.8% Y/Y vs. +2.8% consensus and +2.8% prior.