The core Personal Consumption Expenditure price index — the Fed’s preferred gauge of inflation — rose 0.3% in February and 2.8% year-over-year, according to the latest federal data released ...
"The hot inflation readings through March should write off any rate cuts in the first half of 2024," said Nationwide Senior ...
WASHINGTON — (AP) — A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease. The government reported Friday ...
By contrast, inflation in services — a vast range of items ranging from hotel rooms and restaurant meals to healthcare and concert tickets — slowed to a 0.3% increase, from a 0.6% rise in January.