By Lucia Mutikani WASHINGTON, March 13 (Reuters) - U.S. consumer spending increased solidly in January amid higher prices, ...
January PCE inflation report: headline & core PCE vs expectations, plus income and spending trends—key Fed signal for rates.
The Commerce Department on Friday released the January 2026 PCE inflation report, which showed the Federal Reserve's preferred inflation gauge remained stubbornly high for consumers.
PCE inflation in January was 2.8% year over year. The numbers predate the Iran conflict.
The PCE price index for January was expected to show headline inflation at 2.9% and core at 3.1%.
An inflation gauge closely monitored by the Federal Reserve moved higher in January in the latest sign that prices ...
Key Takeaways Inflation in January, as measured by the Personal Consumption Expenditures index, was close to forecasters' expectations.Inflation rose 2.8% over the year and the "core" measure ...
The CPI was expected to rise 2.5% on an annual basis last month, according to economists polled by financial data firm ...
The consumer price index eased in January but inflation was still elevated for many consumer necessities, economists said.
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 ...
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.