Inflation Still Plagues Restaurants, Services, and Housing, Even as National Rate Declines
The personal consumption expenditures index, which tracks spending on many everyday household needs, shows stubbornly high prices, even as the Fed's overall rate edges back to its 2 percent target.
Restaurants, other services still in grip of high inflation even as overall rate slows
While prices for most goods have been falling throughout the year, inflation for a wide range of services remains high.
Key inflation rate hits 2.1% in September, as expected, closing in on Fed target
The personal consumption expenditures price index was expected to increase 0.2% in September and 2.1% from a year ago.
Fed’s Favored Inflation Gauge Cooled in September
The Federal Reserve’s preferred inflation gauge showed price pressures cooled last month, rising 2.1% in September from a ...
Inflation dips to lowest level since 2021 ahead of election
Personal Consumption Expenditures index ticks down to 2.1%, lowest since February 2021 as personal income, consumer spending ...
Total PCE Inflation Gets Closer To The Fed’s 2% Target
U.S. consumer inflation got closer to the Federal Reserve’s 2% target in September 2024 when year-on-year total Personal ...
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US Fed's favored inflation index slows to 2.1% in September
The Federal Reserve’s closely watched inflation gauge rose in September as expected, backing a slower pace of rate cuts than ...
As inflation hovers just above 2%, White House adviser says focus remains on lowering costs
On Thursday, the U.S. Bureau of Economic Analysis released its Personal Consumption Expenditures (PCE) Report for September ...
Federal Reserve Has Another Reason to Take It Slow
The Federal Reserve’s preferred measure, however, posted its biggest monthly gain since April, bolstering the case for a ...
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Consumer price index declines to 2.1% annually in September
The Fed tends to favor the inflation gauge that the government issued Thursday -- the personal consumption expenditures price index -- over the better-known consumer price index. The PCE index ...