Fed Chairman Jerome Powell said the PCE inflation report in December is expected to show prices rose 2.6% in the past 12 months, or a somewhat higher 2.8% based on the core rate that omits food and ...
The US Bureau of Labor Statistics (BLS) reported core inflation to have cooled in December, the first easing since July 2024. While the Consumer Price Index (CPI) saw prices come in line with ...
With energy and food inflation markedly stronger in December, the overall reading for the consumer price index surged last month. But taking those categories out of the mix revealed a far more benign ...