VIEW US Dec PCE inflation uptick supports Fed hold
U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year.
PCE Inflation Accelerated in December
The measure of price increases targeted by the Fed sped up in December, reflecting a stubborn spell of inflation that remains modestly higher than the central bank’s target.
PCE Report Shows Fed's Favorite Inflation Measure Accelerated In December
Key Takeaways Inflation, as measured by Personal Consumption Expenditures, rose 2.6% over the year in December, up from 2.4% in November and in line with forecasts.As the Federal Reserve's goal of a 2% annual rate fades into the distance,
Inflation gauge favored by Fed showed price growth picked up in December
The Federal Reserve's preferred inflation gauge, known as the personal consumption expenditures index, rose in December in line with economists' expectations.
Inflation Worsened in December. What It Means for Fed Rate Cuts.
A spike in energy prices helped to lift the headline PCE price index in December. The combined cost of gasoline, electricity, and other energy goods and services jumped 2.7% durin
Inflation rose to 2.6% in Fed’s preferred gauge in December
Inflation rose two-tenths of a percentage point to 2.6% for the year ending in December, the Bureau of Labor Statistics reported Friday in an update to the personal consumption expenditures index, the Federal Reserve’s preferred gauge.
Fed’s Preferred Gauge Of Inflation Aligns With Expectations In December: Question Is When Will It Reach Central Bank’s Target
The December personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred gauge of inflation, continued to trend above the central bank’s targeted levels. According to data by the Bureau of Economic Analysis,
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