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PCE inflation rose 0.3% in June, with the annual rate hitting 2.6%Jerome Powell now has exactly what he needed to justify staying on the sidelines. On Thursday, the Commerce Department ...
The PCE price index was projected to rise 0.1% in May, with the annual inflation rate at 2.3%, according to the Dow Jones consensus.
The Federal Reserve’s preferred inflation gauge rose more than expected in May and the annual rate climbed further above central bankers' 2% goal, according to government data released Friday.
So-called core inflation, a measure of CPI that excludes food and energy prices (which are more volatile), rose by 2.9% over the past 12 months, according to the Bureau of Labor Statistics.
Social Security’s 2026 cost-of-living raise may hit 2.7%, but a sharp rise in Medicare premiums could erase most gains.
The figure for June marks the fastest rate of inflation, which measures how quickly prices are rising, since January 2024.
The price index was the latest indication that President Trump’s tariffs are beginning to show up in consumer prices.
RI Social Security recipients could get a 2.7% raise in 2026. But Medicare Part B premiums are set to rise even more, eating ...
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