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Forecasts for the PCE, the Federal Reserve’s preferred inflation measure, suggest that prices moderated last month.
Consumer spending slowed despite rising incomes, potentially an early reaction to higher prices on some imported goods.
Inflation is getting closer to the Federal Reserve's 2% target.
April's PCE report comes as investors are closely watching for any inflationary impacts from President Trump's tariffs.
CBS's Margaret Brennan challenged Scott Bessent on Trump's tariffs, as retail giants warn of price hikes despite inflation ...
Economists and some business executives have warned that prices will likely head higher as Trump’s widespread tariffs take effect, though the timing and impact of those duties are now in doubt ...
New data from Statistics Canada shows the first impacts of the April removal of the consumer carbon price, and tariffs on ...
While President Trump has pointed to cooling prices as a reason for rate cuts, the Federal Reserve has kept rates unchanged to guard against tariff-fueled disruptions that could derail a soft landing, ...
Average weekly earnings excluding bonuses rose 5.2% from a year earlier, down from 5.5% in the three months to March, the Office for National Statistics said Tuesday. The unemployment rate edged up to ...