The Fed’s preferred inflation gauge, the core PCE price index, rose 2.9% year-over-year in August, the highest level since February. On a monthly basis, the core index was up 0.2%, as expected. The ...

The Federal Reserve's preferred inflation gauge showed that price growth slowed in March, with inflation trending closer to the central bank's target rate. The Commerce Department on Wednesday ...

After yesterday's quarter over quarter core PCE price index came in 0.2% higher than expected, we knew today's monthly PCE data would have to include higher numbers divided across the months of April, ...

The Federal Reserve’s key inflation gauge ran just slightly above expectations in June, raising additional doubts about how quickly the bank will be able to lower interest rates. The core personal ...

Aug. 29 (UPI) --Inflation rose in July, according to the Personal Income and Outlays report from the Bureau of Economic Analysis, the Fed's preferred measure. Core inflation, which excludes food and ...

The Fed’s preferred inflation gauge, the core PCE price index, rose 2.8% year-over-year in September. The headline index was up 2.8% year-over-year, the highest level since April 2024. The Fed will ...

The September PCE data show enough progress on headline inflation for the U.S. central bank to continue cutting rates, even though core inflation is still a bit faster than Federal Reserve officials ...

Inflation picked up in line with economists’ expectations in August, leaving an opening for a possible interest rate cut in October by the Federal Reserve. The core personal consumption expenditures ...