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Inflation rose to 2.6% in Fed’s preferred gauge
Inflation rose to 2.6% in Fed’s preferred gauge in December
Inflation rose two-tenths of a percentage point to 2.6% for the year ending in December, the Bureau of Labor Statistics reported Friday in an update to the personal consumption expenditures index, the Federal Reserve’s preferred gauge.
The Fed’s Preferred Inflation Measure Ticked Up Slightly in December
The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.
The Fed’s go-to inflation gauge heated up again
The Federal Reserve’s preferred inflation gauge moved even higher in December, driven in part by rising food and energy prices. However, a closely watched measurement of underlying inflation trends indicated some progress in the fight to rein in price hikes.
23h
US inflation increases in December; consumer spending robust
U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, ...
8d
on MSN
Americans' Paychecks Are Worth Less Because of Inflation—Here's How Much
Recent data from the Bureau of Labor Statistics shows the cost of living continues to outpace earnings, leaving many ...
1d
US Labor Costs Rise From Year Earlier by Least Since 2021
US labor cost growth cooled in the fourth quarter from a year earlier, reassuring Federal Reserve policymakers wage pressures ...
Marketplace
7d
Wages keep outpacing inflation as workers “do more with less”
And all this productivity is why wage growth keeps beating inflation, said Betsey Stevenson, a professor of economics at the ...
4d
Here’s What To Expect From January’s CPI Inflation Figures
The Consumer Price Index report for January is expected to show broadly unchanged annual inflation according to nowcasts. That may be broadly good news for the Fed.
22h
Trump tariffs to stoke US food inflation despite pledge to lower costs
U.S. consumers grappling with soaring prices for beef and eggs will face even higher costs for meat, vegetables and fruit if ...
5d
Real World Economics: Understanding inflation will lead to trust in economic policies
Measuring key aspects of a nation’s economy is important, but the metrics used are often misunderstood by many. Quantifying ...
3d
on MSN
Iowans have lost an estimated $34,000 to inflation since 2020.
How much has rising inflation since 2020 cost you? While Iowans need to spend more to maintain their standard of living, ...
1d
on MSN
Key US inflation measure posts largest monthly gain since last April
U.S. inflation increased by the most in eight months in December amid a surge in consumer spending, suggesting the Federal ...
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