Investors digested Trump's new tariff salvo and the latest reading of the Fed's preferred inflation gauge, which showed ...
The geopolitical risk premium in oil prices rose this week in the form of sanctions and outright attacks on Russian ...
WASHINGTON (AP) — The Federal Reserve’s favored inflation gauge accelerated slightly in August from a year earlier. The ...
The Dow Jones Industrial Average was posting a solid gain in late afternoon trading Friday, but the blue-chip gauge was just ...
The Fed’s preferred inflation gauge rose 2.7% in August, while core prices climbed 2.9%. Consumer spending and incomes also ...
Brad Bernstein, managing director at UBS Private Wealth Management, said Friday's Personal Consumption Expenditures (PCE) ...
US PCE inflation met expectations at 2.7% YoY, boosting rate cut bets to 87.7% and sparking optimism for a Q4 crypto rally.
Personal income, which rose $95.7B in August was overtaken by consumer spending, which jumped $129.2B, pushing the saving rate to 4.6% amid steady inflation and higher wages.
PCE inflation data matched analysts expectation, but leaves policymakers balancing sticky inflation with a softer labor market, one Sygnum Bank's CIO noted.
Core PCE inflation held at 2.9% in August, with income and spending both above forecasts. The Fed sees room for two more rate cuts this year, noting tariffs have had limited impact on consumers.
Dow Jones Top Markets Headlines at 1 PM ET: Inflation rises again, PCE shows, but not enough to alarm the Fed | Stocks ... A key measure of inflation rose at a slightly elevated pace in August, but ...
The Personal Consumption Expenditures price index — the inflation gauge the Federal Reserve uses for its 2% target rate — rose 0.3% on a monthly basis (versus a 0.2% increase in July), which lifted ...