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US inflation increased by the most in eight months in December amid a surge in consumer spending, suggesting the Federal Reserve would probably be in no hurry to resume cutting interest rates soon.
The path to the Fed’s 2% inflation target was expected to be long and bumpy, and it has been a little choppy the past couple of months, prompting the central bank to take a more cautious ...
The Personal Consumption Expenditure index shows prices are up by 2.6% annually. The Federal Reserve is seeing positive economic indicators despite erratic inflation. Just two days after the Federal ...
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The Federal Reserve's preferred inflation gauge showed prices rose as expected in December, and it remains above the central bank's target level amid its ongoing efforts to wrestle down inflation.
Though the Fed considers both readings, historically officials have seen core as the better gauge of long-run inflation. On a monthly basis, headline PCE rose 0.3% while core increased 0.2% ...