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.
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, and other energy goods and services jumped 2.7% durin
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.
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.
Key Fed Indicator Shows Inflation Rose in December
On Wednesday, the Fed left interest rates unchanged and indicated in a statement that inflation was “somewhat elevated.” In response, President Donald Trump said the Fed had f
The Fed’s Preferred Inflation Measure Ticked Up Slightly in December
The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.
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 ...
NBA Players Born on December 30
With over 5,000 players in NBA history, at least one player was born on every day of the calendar year. Check out the players ...
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 ...
JSO: Arrests made in December 2024 murder
The Jacksonville Sheriff’s Office has made an arrest in a December 2024 murder case. >>> STREAM ACTION NEWS JAX LIVE <<< ...
Canada December wholesale trade most likely up 0.1% - Statscan flash estimate
Canadian wholesale trade most likely rose 0.1% in December from November, largely driven by higher sales in the motor vehicle ...
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 ...
UK borrowing hits highest December level for four years
Government borrowing rose more than expected in December, hitting its highest level for the month for four years, official ...
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ATA Truck Tonnage Index Inches Down in December
The freight market finished the year on a downward slope as tonnage declined on both a monthly and annual basis in December, ...
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.