Overall prices were up but core inflation held steady as consumers spent more, saved less and pushed more debt to credit cards.
U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting ...
U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, ...
Consumers keep spending, while inflation edges higher.Personal consumption expenditures (PCE) grew by a strong 0.7 percent in December, easily ...
The Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. increased in line with ...
“The Fed’s prognosis is for a slower pace of monetary easing moving forward, as the economy is doing well and prices are only slowly returning to target in an environment of great uncertainty,” said ...
The Federal Reserve’s preferred inflation gauge moved even higher in December, driven in part by rising food and energy prices. However, a closely watched measurement of underlying inflation trends ...
This story has been updated with additional details. The Federal Reserve’s preferred inflation measure surged as predicted ...
The personal consumption expenditures (PCE) price index rose 0.3% last month after an unrevised 0.1% gain in November ...
The Federal Reserve's preferred measure of inflation picked up in December, pushing the central bank's goal of a 2% annual rate farther into the distance.
The personal consumption expenditures price index for December was expected to show a 2.6% increase on an annual basis ...
The Bureau of Economic Analysis said Friday that personal consumption expenditures rose 2.6% in December, in line with expectations. Core PCE, omitting food and energy, was 2.8%.