Inflation eased in December as core consumer prices rose at the slowest annual rate since March 2021 in the final month of the year. The Consumer Price Index (CPI) released by the Bureau of Labor ...
The PCE price index for January was expected to show headline inflation at 2.9% and core at 3.1%.
January PCE inflation report: headline & core PCE vs expectations, plus income and spending trends—key Fed signal for rates.
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Core inflation holds at three percent
Core inflation held steady at 3% in October, matching a Reuters survey of economists and offering a clearer view of price pressures as the year closes. The steady reading, which excludes fresh food ...
A big driving force was lower energy costs in January, which won’t last, and at least one other factor may have been redefined without mention.
The Fed’s preferred inflation gauge, the core PCE price index, rose 2.8% year-over-year in November. The headline index was up 2.8% year-over-year, up from 2.7% in October and in line with the ...
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