The Federal Reserve’s most closely watched inflation measure remained stubborn in March, the latest evidence that price increases are not fading as quickly as policymakers would like, and another reason that interest rates may stay higher for longer.
Real GDP increased at an annual rate of 1.6% for the January-through-March period after rising 3.4% in the fourth quarter of 2023, according to the BEA's advance estimate released Thursday.
U.S. inflation rose moderately in March, but that is unlikely to change financial markets' expectations that the Federal Reserve will hold off cutting interest rates until September. The personal consumption expenditures (PCE) price index increased 0.
Key PCE U.S. consumer inflation rose 0.3% in March, according to Friday's Bureau of Economic Analysis report. It was in line with economists' expectations. For the year it was up 2.7% from a year ago.
The Federal Reserve's preferred inflation gauge held steady last month, suggesting modest progress from the Federal Reserve in slowing price pressures in the world's biggest economy. On Friday, April 26,
The Federal Reserve's favorite measure of tracking inflation jumped 0.3% in March as American families continue to grapple with elevated consumer prices.
It was the third straight month that the index has run at a pace faster than is consistent with the Fed's 2% inflation target. Measured from a year earlier, prices were up 2.7% in March, up from a 2.5% annual rise in February.
As the Federal Reserve closely monitors the personal consumption expenditures (PCE) index, a preferred measure of inflation, market analysts and policy makers are on edge. Despite initial expectations
One month after increasing for the first time since September, the personal consumption expenditures price inflation index rose again from 2.5% to 2.7%.
Wall St. analysts Doug McIntyre and Lee Jackson discuss persistent inflation concerns, with particular focus on sectors like insurance affecting the consumer price index. Both expect continued high inflation rates and the anticipate that interest rates will remain elevated without cuts until the next year.
Presented by BP — {beacon} Business & Economy Business & Economy PRESENTED BY The Big Story Inflation picks up in March The Federal Reserve’s preferred inflation
US economy exceeds expectations with strong growth in personal spending and inflation, but risks to the inflation outlook loom. Click for my look at the data.
March data released Friday confirmed the Federal Reserve still has more work ahead to slow the pace of inflation. But investors and economists can breathe a sigh of relief that inflation doesn’t appea
The personal-consumption expenditures, or PCE, price index for March will be published at 8:30 a.m. ET on Friday as part of the Bureau of Economic Analysis’ personal income and outlays report.