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, suggesting the Federal Reserve would probably be in no hurry to resume cutting interest rates soon.
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.
US PCE inflation higher than expected in December
The Fed is in no hurry to cut rates. December’s PCE inflation reinforces that stance, with the headline rate ticking up to 2.6 per cent on an annual basis versus 2.4 per cent in November.
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.
US inflation rises in December; consumer spending accelerates
U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year. The personal consumption expenditures (PCE) price index rose 0.
Fed's favored inflation gauge accelerates further in December
The US Federal Reserve's preferred inflation measure accelerated for a third month in a row in December, according to government data published Friday, while underlying inflation was unchanged. While headline inflation has accelerated,
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