US inflation increases in December; consumer spending robust
U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, suggesting the Federal Reserve would probably be in no hurry to resume cutting interest rates soon.
PCE Inflation Accelerated in December
The measure of price increases targeted by the Fed sped up in December, reflecting a stubborn spell of inflation that remains modestly higher than the central bank’s target.
U.S. Consumer Price Growth Matches Estimates In December
The Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. increased in line with
US inflation rises in December; consumer spending accelerates
U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year. The personal consumption expenditures (PCE) price index rose 0.
December Consumer Income/Spending And Inflation
Consumers keep spending, while inflation edges higher.Personal consumption expenditures (PCE) grew by a strong 0.7 percent in December, easily
U.S. Consumer Prices Increase In Line With Estimates In December
The Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. increased in line with
U.S. inflation, consumer spending ticks up to end 2024
U.S. consumers spent more in December, saved less and pushed more debt to credit cards. The PCE index found consumers saving at a 3.8% rate, down from November’s 4.1%. A report
Inflation Worsened in December. What It Means for Fed Rate Cuts.
A spike in energy prices helped to lift the headline PCE price index in December. The combined cost of gasoline, electricity, ...
Inflation gauge favored by Fed showed price growth picked up in December
The Federal Reserve's preferred inflation gauge, known as the personal consumption expenditures index, rose in December in ...
Indian banks' loan growth drops for sixth month in December as tighter lending curbs weigh
Indian banks' loan growth moderated for a sixth straight month in December, central bank data showed on Friday, as the impact ...
ConsumerAffairs3d
Home price hikes accelerated in December
In news that may frustrate would-be homebuyers, home prices are not falling, even though sales are. In fact, they’re still ...
December 2024: New Home Sales Finished The Year Strong, Increasing Again in 2024
There were 698,000 (SAAR) new single family home sales nationwide in December. That’s up 3.6% from the revised November rate of 674,000 and up 6.7% from the December 2023 estimate, according to the U.
Suspects in deadly December hit-and-run in Colorado Springs arrested
Chloe Geiger, 24, and Corey Skinner, 40, are both facing felony charges related to the death of 55-year-old Michael Pompa.
December Personal Income And Outlays: Strong Consumption Beat Hides Subtle Cooling In Inflation
The Fed is in a holding pattern, awaiting more data, with December showing strong consumption but moderate inflation, suggesting disinflationary trends.
ConsumerAffairs1d
Pending home sales dropped by 5.5% in December
The U.S. housing market faced a setback in December as pending home sales plunged by 5.5%, following a period of four ...