US consumer spending increases in January, Iran war to add to inflation pressures
By Lucia Mutikani WASHINGTON, March 13 (Reuters) - U.S. consumer spending increased solidly in January amid higher prices, ...
Underlying Inflation Was Stubborn in January by Fed’s Preferred Metric
PCE inflation in January was 2.8% year over year. The numbers predate the Iran conflict.
Core PCE inflation rises 3.1% Y/Y in January, a touch hotter than expected
January PCE inflation report: headline & core PCE vs expectations, plus income and spending trends—key Fed signal for rates.
Key inflation gauge worsened in January, before Iran war lifted gas prices
An inflation gauge closely monitored by the Federal Reserve moved higher in January in the latest sign that prices were ...
Fourth-quarter GDP revised down to just 0.7% growth; January core inflation was 3.1%
The PCE price index for January was expected to show headline inflation at 2.9% and core at 3.1%.
US consumer spending, core PCE inflation firmer in January
WASHINGTON, March 13 (Reuters) - U.S. consumer spending increased slightly more than expected in January, which together with ...
Inflation Moderates But Economic Growth Slows Sharply and Oil Hovers Near $100 a Barrel
The price of a barrel of Brent crude, the global benchmark, hovered near $100 Friday, up more than 30% over the past two weeks. The average price of a gallon of unleaded gas is no ...
VIEW PCE inflation report meets expectations, GDP is soft; markets rally
The U.S. Commerce Department said on Friday its Personal Consumption Expenditures Price Index (PCE) rose largely in line with ...
NBC Bay Area
Inflation cooled in January, offering some relief for consumers
Inflation rose just 0.2% in January from December and fell to 2.4% on an annual basis. Both readings were less than anticipated, in a positive sign for consumers. Broadly, economists surveyed by Dow ...
January’s Drop In Inflation Is Likely To Be Temporary
A big driving force was lower energy costs in January, which won’t last, and at least one other factor may have been redefined without mention.