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Forecasts for the PCE, the Federal Reserve’s preferred inflation measure, suggest that prices moderated last month.
Consumer spending slowed despite rising incomes, potentially an early reaction to higher prices on some imported goods.
Year-over-year inflation cooled to a 2.3% increase in April, a four-year low. That was below the 2.4% that economists had expected and below March’s annual rate. A big decline in gasoline prices compa ...
April's PCE report comes as investors are closely watching for any inflationary impacts from President Trump's tariffs.
Consumer prices increased 2.4% in May compared with a year ago, according to a Labor Department report released Wednesday.
“Without a spike in inflation,” said eToro equity analyst Bret Kenwell, “the Fed may have trouble defending its stance on interest rates, particularly as other central banks lower rates and as ...
Consumer prices increased 2.4% in May compared with a year earlier. The data point is better than expected, but does not ...
U.S. inflation likely picked up a bit last month as President Donald Trump’s tariffs start to bite, but lower prices for gas and possibly for air fares and used cars may limit the overall increase ...
The cooling trend was primarily led by a significant drop in food inflation, which fell to 0.99% in May from 1.78% in April.