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Prices ticked up in November as Americans keep spending, a key inflation measure shows
The Personal Consumption Expenditures price index rose 2.8% annually in November, reflecting ongoing inflation pressures despite steady consumer spending growth.
- The BEA released a combined two-month report delayed by a government shutdown, showing the PCE price index at an annual rate of 2.8% for both headline and core.
- Consumers boosted spending, with personal consumption expenditures rising 0.5% as services prices climbed 3.4% year over year and energy costs increased 1.9%.
- Income and real-spending figures reveal that monthly PCE rose 0.2% in both months, personal income increased 0.1% then 0.3%, and real consumer spending grew 0.3%.
- The Fed faces pressure to pause rate cuts next week, as Thursday's figures make reducing rates less likely and markets put a 95% chance rates stay in the 3.5%–3.75% range.
- Persistently elevated prices have political ramifications, reportedly hurting President Donald Trump's approval and prompting criticism from Rep. Brendan Boyle , ranking member of the House Budget Committee.
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Prices ticked up in November as Americans keep spending, a key inflation measure shows
The Federal Reserve’s preferred inflation gauge ticked up in November in the latest sign that price increases remain stubbornly elevated.
·United States
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Fed's favored inflation gauge shows consumer prices remained elevated in November
The Federal Reserve's preferred inflation gauge showed that consumer prices remained elevated in November, ahead of the central bank's policy meeting next week.The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.2% in November on a monthly basis and is up 2.8% from last year. While the monthly figure was in line with the estimate of LSEG economists, the annual inflation reading was slightly …
·United States
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Coverage Details
Total News Sources62
Leaning Left12Leaning Right7Center33Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 23%
C 63%
14%
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