US consumer spending barely rose in January after economic growth was weaker than previously reported at the end of last year, suggesting the economy lost some momentum before the war with Iran.
The PCE price index for January was expected to show headline inflation at 2.9% and core at 3.1%.
Inflation in January, as measured by the Personal Consumption Expenditures index, was close to forecasters' expectations. Inflation rose 2.8% over the year and the "core" measure excluding food and ...
A methodological change contributed to a better-than-expected inflation report, prompting questions from some economists. By Ben Casselman An obscure methodological change lowered a key measure of ...
A big driving force was lower energy costs in January, which won’t last, and at least one other factor may have been redefined without mention.
Oil prices jumped Tuesday for the second straight day and gas prices moved higher in the United States, underscoring the ...
An inflation gauge closely monitored by the Federal Reserve moved higher in January in the latest sign that prices were persistently elevated even before the Iran war caused ...
Inflation held steady in February — but offered little clarity for Federal Reserve officials navigating an economic landscape ...
This week’s economic calendar includes several important housing reports, including existing home sales, housing starts, and ...
US President Donald Trump threatened Iran with further attacks after the Islamic Republic’s new leader signaled defiance and suggested there would be no easing of a war that’s upending energy flows ...