The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.

Initial filings for unemployment benefits in Texas dropped last week compared with the week prior, the U.S. Department of Labor said Thursday. New jobless claims, a proxy for layoffs, fell to 14,238 ...

An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices ...

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 ...

U.S. inflation increased by the most in eight months in December amid a surge in consumer spending, suggesting the Federal ...

An inflation gauge closely watched by the Fed rose slightly in December, the latest sign that some consumer prices remain ...

The Bureau of Economic Analysis said Friday that personal consumption expenditures rose 2.6% in December, in line with expectations. Core PCE, omitting food and energy, was 2.8%.

The personal consumption expenditures (PCE) price index rose 0.3% last month after an unrevised 0.1% gain in November, the Commerce Department said on Friday. Economists polled by Reuters had forecast ...

U.S. labor costs rose marginally in the fourth quarter, offering some comfort to Federal Reserve officials after progress ...

Then-President Joe Biden claimed victory in 2023 when egg prices fell by 22%, after tripling during his first two years in ...