inflation, Consumer Spending
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Inflation remains above the Federal Reserve’s 2% target, making it difficult for the central bank to cut its key interest rate anytime soon.
From Associated Press News
An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been felt.
From U.S. News & World Report
U.S. consumer spending rebounded in February, likely lifted by higher prices, which could amplify fears that the economy was facing a period of tepid growth and high inflation amid an escalation in tr...
From Reuters
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US core PCE inflation, the Federal Reserve’s key inflation measure, rose 0.4% in February 2025, pushing the 12-month rate to 2.8%, exceeding expectations. Despite a 0.8% rise in personal income, consumer spending grew just 0.
13hon MSN
U.S. stocks are falling following discouraging updates on inflation and how much U.S. households may be willing to spend.
Inflation-adjusted consumer spending edged up 0.1% after falling in January by the most in nearly four years, which economists blamed on bad weather, according to Bureau of Economic Analysis data out Friday.
13h
Tuko News on MSNUS Fed's preferred inflation gauge shows some cause for concernThe US Federal Reserve's preferred inflation measure was largely unchanged last month, according to government data published Friday, but a widely scrutinized gauge of underlying price pressures rose.
From the same month one year ago, the PCE price index for February increased 2.5 percent. Excluding food and energy, the PCE price index increased 2.8 percent from one year ago. Prices for goods rose 0.2%, below 0.5% in January and prices for services increased 0.4%, above 0.2% in the previous month.
Gold price refreshes a fresh all-time peak, closing on the $3,100 mark. The global risk sentiment continues to be undermined by worries over Donald Trump's auto tariffs announced earlier in the week, with traders rushing for safety in Gold price. US PCE inflation data awaited.