Inflation remained stubbornly high last month, but it hasn’t stopped Americans from spending. The Personal Consumption Expenditures price index — a closely watched inflation gauge favored by ...
Measured from a year earlier, prices were up 2.7% in March, up from a 2.5% annual rise in February. After peaking at 7.1% in 2022, the Fed’s favored inflation index steadily cooled for most of 2023.
WASHINGTON -- A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed's reluctance to cut interest rates anytime soon.
Inflation ticked up to 2.7% for the year ending in March, as measured by the personal consumption expenditures price index, which is the gauge favored by the Federal Reserve. The 0.2 percentage ...
“The Fed has effectively moved to the sideline, postponing any thought of a rate cut until the inflation data show sustained ...
The Federal Reserve's preferred inflation gauge held steady last month, suggesting modest progress from the Federal Reserve in slowing price pressures in the world's biggest economy. On Friday ...
WASHINGTON: Underlying US inflation probably moderated in April for the first time in six months, offering a ray of hope that ...
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The US job market has been on a roll for the past three years. Some economists even say “it’s as good as it’s ever been.” ...
Underlying US inflation probably moderated in April for the first time in six months, offering a ray of hope that price ...