A new report shows personal consumption costs increased 0.3% nationally in January. Here's what it did in the Mid-South.
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Spending fell 0.2% for the month. Adjusted for inflation, it sank 0.5%. Those are the biggest monthly declines since February 2021.
Inflation decelerated but people are spending less and saving more as prices keep rising and wage growth slows. It’s worrying ...
The decline in the personal consumption expenditures index from 2.6% the month before was in line with expectations.
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Vital Farms stock rose Friday after the premium egg producer reported fourth quarter results and delivered an update on the bird flu-caused egg shortages.
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Inflation rose 2.5% over the year in January compared to 2.6% in December, marking the first decrease in four months.
Excluding food and energy, the core PCE index—a key measure for Fed officials—also increased 0.3% monthly, bringing its ...
Excluding food and energy, the core PCE also rose 0.3% for the month and was at 2.6% annually. Fed officials more closely follow the core measure as a better indicator of longer-term trends. The ...