Fed's preferred inflation gauge meets expectations in December
The latest reading on the Fed's preferred inflation gauge comes just two days after the central bank paused its interest rate cutting cycle.
Inflation ticked higher last month, in latest sign of persistent price pressures
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 ...
Trump may be his own worst enemy in his fight against the Fed
Trump said Powell and the Fed "failed to stop the problem they created with inflation" in a post on Truth Social on Wednesday ...
The Stock Market Is Driving the Economy. How Long Will That Last?
Surging stock prices have fueled consumer spending, which has boosted economic growth. A market selloff could put a lid on ...
PCE: Fed's preferred inflation gauge meets expectations in December
The latest reading of the Federal Reserve's preferred inflation gauge showed prices increased in line with expectations in ...
Inflation finishes 2024 well above Fed's 2% target, PCE shows. Rate cuts on hold.
Fed Chair Jerome Powell said earlier this week he expects inflation to turn lower again, but he did not say when he expected it to happen. The most recent Fed forecast shows PCE inflation ending 2025 ...
Wages and benefits for American workers accelerate slightly in fourth quarter
The numbers: Wages and benefits for American workers accelerated in the fourth quarter. The employment-cost index (ECI) increased 0.9% from October to December, the government said Friday. That's up ...
The Fed’s Preferred Inflation Measure Ticked Up Slightly in December
The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.