January PCE inflation rose 0.3% for annual rate of 2.5%, meeting Dow Jones expectations
Personal consumption expenditures inflation rose 0.3% in January for an annual rate of 2.5%, the Bureau of Economic Analysis said Friday. Excluding food and energy, the core PCE rate was 2.6% annually.
Inflation Steady in January, Meeting Expectations as Consumers Backed Away From Large Purchases
Inflation came in as expected in January, according to a metric closely followed by the Federal Reserve released on Friday. That could be welcome news as the personal consumption price expenditures index rose at a 0.
Inflation gauge favored by Fed showed prices grew as expected in January
The latest reading of the Federal Reserve's preferred inflation gauge showed that prices rose in line with economists' expectations in January as the inflation fight continues.
Fed’s favorite core inflation measure hits 2.6% in January, as expected
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January Consumer Spending Unexpectedly Contracts; Annual Core Inflation Slows Down
Consumer spending unexpectedly declined last month, while the Federal Reserve's preferred inflation metric decelerated at the annual level, government data showed Friday. Personal consumption expenditures decreased 0.
January inflation eases in Fed’s preferred measure
Inflation in the Federal Reserve’s preferred price gauge eased in January after making steady increases throughout the fall. The personal consumption expenditures (PCE) price index increased by 0.3 percent in January,
Will the Consumer Pullback Endanger Economic Growth? Here’s What to Watch.
Investors hoping that retail earnings would provide more clarity about consumer sentiment might find themselves both ...
Is Inflation Finally Cooling Again? The Fed's Favorite Gauge Says So
Inflation rose 2.5% over the year in January compared to 2.6% in December, marking the first decrease in four months.
Marketplace2d
One consequence of government spending cuts? Lower GDP
Government spending makes up 6% of total gross domestic product. And besides, spending cuts come with economic ripple effects ...
Fed inflation gauge indicates big changes in key economic driver
The Federal Reserve's preferred inflation gauge eased modestly last month, but personal-spending figures showed one of the ...
MDM16h
Key Fed Inflation Gauge Slows to 7-Month Low
The U.S. Bureau of Economic Analysis reported a rise in personal income for January, while personal outlays and consumption ...
DXY Analysis: Dollar Targets 108.00 as Bitcoin Plunges and Gold Sees Weekly Decline on Inflation Data
DXY nears 108.00 as inflation data bolsters Fed rate cut hopes. Bitcoin plunges below $80K, gold sees first weekly decline in ...
InvestmentNews1d
Amid steady economy, inflation marked higher at end of 2024
The Federal Reserve's preferred yardstick showed prices rising at a faster clip than initially reported, adding to the ...
Treasury yields little changed as investors assess PCE inflation data
Treasury yields were little changed Friday morning, as investors assessed a reading on U.S. inflation that was in line with Wall Street’s expectations. The yield on the 10-year Treasury note was down ...
Financial Advisor1d
GDP Held Steady While Inflation Marked Higher At End Of 2024
The outlook for the world’s largest economy is more muted, however. After expanding 2.8% in 2024, GDP is seen rising 2.3% this year as cooler job growth tempers consumer demand. Moreover, Federal ...
Business Times1d
US GDP held steady while inflation marked higher at end of 2024
The US economy advanced at a healthy pace, and inflation was more stubborn than initially estimated at the end of 2024. Read ...
US Economic Growth Slows in Fourth Quarter
Gross domestic product increased at a 2.3% annualized rate last quarter after accelerating at a 3.1% pace in the ...