Despite some reports showing lower trends in inflation, the Federal Reserve’s preferred inflation measure continues to remain elevated ahead of possible complications from geopolitical tension, according to the latest data from the Bureau of Economic Analysis. The Personal Consumption Expenditures (PCE) price index grew 0.3% in January, with annual inflation at 2.8%. This is a…
Economic data appears to be affirming that an interest rate is not coming for a few months as the Federal Reserve’s favorite inflation measure heated up despite a winter freeze, according to the latest data from the Bureau of Economic Analysis. The Personal Consumption Expenditures (PCE) price index increased 0.4% in December, putting annual inflation…
The Personal Consumption Expenditures (PCE) Index, which is the Federal Reserve’s preferred gauge of inflation, rose to 2.8% in September on an annual basis. According to data from the Commerce Department released Dec. 5, core PCE rose 0.2% over the previous month. The report, delayed by the government shutdown, seemingly gives a further green light…