US EditionPublished • loading... • Updated
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.
Insights by Ground AI
Podcasts & Opinions
73 Articles
73 Articles
The annual personal consumption expenditure (PCE) inflation rate in the US was unchanged in November, according to a report released today by the US Department of Commerce. It rose to 2.8 percent from 2.7 percent in October.
Associated Press News+30 Reposted by 30 other sources
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
Read Full Article
Coverage Details
Total News Sources73
Leaning Left14Leaning Right7Center43Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 22%
C 67%
11%
Factuality
To view factuality data please Upgrade to Premium
