Consumer spending slowed despite rising incomes, potentially an early reaction to higher prices on some imported goods.

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.

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 ...

The economic vibes are improving, with consumers' inflation expectations falling last month for the first time in 2025. On ...

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 ...

“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 ...

While President Trump has pointed to cooling prices as a reason for rate cuts, the Federal Reserve has kept rates unchanged to guard against tariff-fueled disruptions that could derail a soft landing, ...