The US Federal Reserve's preferred inflation measure accelerated for a third month in a row in December, according to government data published Friday, while underlying inflation was unchanged. The ...
The Fed is in a holding pattern, awaiting more data, with December showing strong consumption but moderate inflation, suggesting disinflationary trends.
One of the most consequential takeaways from the latest PCE report showed that core inflation, which excludes volatile food and energy prices, was stable in December. An earlier reading from the CPI ...
(CNN)– The federal reserve’s preferred inflation gauge heated up again in the final month of 2024. The Personal Consumption Expenditures Price Index rose 2.6% year-over-year in December. That’s up ...