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Fed’s go-to inflation gauge heated up again
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 go-to inflation gauge heated up again
The Federal Reserve’s preferred inflation gauge moved even higher in December, driven largely by rising energy prices as well as food. However, a closely watched measurement of underlying inflation trends indicated some progress in the fight to rein in price hikes.
Inflation gauge favored by Fed showed price growth picked up in December
The Federal Reserve's preferred inflation gauge, known as the personal consumption expenditures index, rose in December in line with economists' expectations.
2h
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 ...
New Jersey Business
2h
Checking In on Inflation
No economic story has been as constant in recent years as the dramatic increase in inflation from 2021 to early 2023 and its ...
7d
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 ...
4d
on MSN
One chart shows that low-income Americans get hit hardest by inflation
Rising food and housing costs have hit the lowest-income Americans the hardest in recent years.
Marketplace
9d
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 ...
2d
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, ...
2h
on MSN
Inflation ticked higher last month, in latest sign of persistent price pressures
WASHINGTON (AP) — An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that ...
1d
on MSN
The Federal Reserve kept interest rates steady as Trump tariffs loom and inflation fears linger
Federal Reserve policymakers voted Wednesday to hold interest rates steady in its first rate decision of the year.
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