US EditionKey Fed measure shows core inflation at 2.8%, in line with expectations
- Core inflation is reported at 2.8%, consistent with previous months, according to the Commerce Department.
- Consumer prices increased by 2.6% in December, up from 2.4% in November, marking the third straight rise, as reported by the AP.
- Consumer spending rose by 0.7% in December, driven by steady wage gains and higher stock values, as stated by the Commerce Department.
- Federal Reserve Chair Jerome Powell noted that while inflation shows signs of progress, it remains above the target at about 2.5%, indicating ongoing monitoring is needed.
107 Articles
107 Articles
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.
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 […]
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...
Bidenflation's Last Gasp? December Data Shows A Jump In PCE Inflation
The latest numbers from the Commerce Department indicate that the inflationary legacy of Joe Biden is still with us. The post Bidenflation’s Last Gasp? December Data Shows A Jump In PCE Inflation appeared first on Breitbart.
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.
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…
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