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Key Fed measure shows core inflation at 2.8%, in line with expectations

Core inflation rose to 2.8% for the year ending in December, including a 0.2% rise in December, according to the Bureau of Labor Statistics.
The Personal Consumption Expenditures Price Index increased by 0.3% in December, up from a 0.1% increase in November, marking a significant inflation rise.
Federal Reserve officials indicated they want to see more evidence of easing inflation before making interest rate cuts, as stated by Fed Chairman Jerome Powell.
Inflation remains above the Fed's 2% target, with the Consumer Price Index rising to 2.9% in December, highlighting ongoing economic concerns.

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Lean Left

Prices were a key issue in 2024, but Trump makes clear they're not his top priority

While prices and the economy were top issues during the campaign, President Trump is making clear that other issues — most notably immigration — are his main focus at the start of his second term.

2 months ago·Washington, United States

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The Rio Times

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U.S. Inflation Edges Up: Fed's Preferred Gauge Hits 2.6% in December 2024

The Bureau of Economic Analysis released the Personal Consumption Expenditures (PCE) Price Index data on Friday, January 31, 2025. The report shows a slight uptick in US inflation for December 2024. The PCE, the Federal Reserve’s favored inflation measure, rose 0.3% month-over-month and 2.6% year-over-year. These figures align with market expectations but remain above the […]

2 months ago·Brazil

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Newser

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Key Inflation Indicator Rose in December

An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated, even as inflation is cooling in fits and starts. Friday's report from the Commerce Department showed that consumer prices rose 2.6% in December from a year...

2 months ago·Miami, United States

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Breitbart

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Bidenflation's Last Gasp? December Data Shows A Jump In PCE Inflation

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2 months ago·United States

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Investor's Business Daily

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Stock Market Today: Indexes Mostly Higher As Nvidia's Huang Is Set To Meet Trump Amid Tariff Threat (Live Coverage)

The Fed's preferred inflation gauge, the personal consumption and expenditures index, rose 0.3% from November and 2.6% on an annual basis. The post Stock Market Today: Indexes Mostly Higher As Nvidia's Huang Is Set To Meet Trump Amid Tariff Threat (Live Coverage) appeared first on Investor's Business Daily.

2 months ago

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DNyuz

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Inflation Rises In Key Report Tracked By Federal Reserve

Inflation rose again in December as consumers continued to see price increases but some economists see a silver lining in the numbers. The personal consumption expenditures (PCE) price index rose 2.6 percent in the 12 months to December, up from 2.4 percent in November, according to the Bureau of Economic Analysis. From the preceding month, the PCE price index for December increased 0.3 percent. Excluding food and energy, it increased 0.2 percen…

2 months ago

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