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Fed's Targeted Inflation Gauge Shows Little Tariff Impact
The Federal Reserve's targeted inflation measure ticked slightly higher in May, but the numbers didn't show a big tariff-related upswing. Prices rose by 2.3% over the 12 months through May, according to the personal-consumption expenditures price index,
The headline index was up 2.3% year-over-year, as expected.
The personal consumption expenditures price index rose 0.1% for the month, pushing the annual inflation rate to 2.3%, ...
3hon MSN
Consumer spending in May fell for the first time this year, the Commerce Department reported Friday, indicating that ...
The best the Fed can do (whether or not tariff shocks appear) is keep nominal spending on a stable trajectory.
The U.S. Commerce Department said on Friday its Personal Consumption Expenditures Price Index gained 0.1% in May, matching ...
Crypto markets drop as Bitcoin slides to $106K as PCE hits 2.7%; Goldman and Brooks warn inflation respite may be ending.
Inflation in Canada steadied in May as drivers paid less at the pump and hefty rent increases continued to cool, though the ...
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