US PCE inflation heats up
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The core PCE price index was expected to increase 3% from a year ago in December. GDP was projected to rise at a 2.5% pace in ...
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
Fed officials will get another month of inflation and employment data before their March meeting but are still expected to ...
Core PCE prices accelerated to a 3% annual increase in December, hitting their highest level since February in a clear sign ...
The slightly lower number for January reflects smaller price increases for shelter and food, as well as a decrease in energy costs.
The January CPI came in at 2.4% but real-time data and a structural lag in shelter costs suggest headline inflation has further to fall.
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Key inflation metrics tracked by the Federal Reserve accelerated at the end of last year, underscoring why many Fed officials ...
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