U.S. labor costs rose marginally in the fourth quarter, offering some comfort to Federal Reserve officials after progress ...
The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.
The increase was in line with economists' expectations. In the 12 months through December, the PCE price index advanced 2.6%.
U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, ...
Friday’s report from the Commerce Department showed that consumer prices rose 2.6% in December from a year earlier, up from a ...
“The Fed’s prognosis is for a slower pace of monetary easing moving forward, as the economy is doing well and prices are only slowly returning to target in an environment of great uncertainty,” said ...
The Federal Reserve’s preferred inflation gauge moved even higher in December, driven largely by rising energy prices as well ...
U.S. Inflation gauge rises as Trump's tariff threats loom, potentially pushing prices higher in coming months.