Consumer spending growth accelerated at the end of 2024, while the Federal Reserve's preferred inflation metric held steady at the annual level, government data showed Friday. Personal consumption ...
Consumers keep spending, while inflation edges higher.Personal consumption expenditures (PCE) grew by a strong 0.7 percent in December, easily ...
The Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. increased in line with ...
The Federal Reserve's preferred measure of inflation picked up in December, pushing the central bank's goal of a 2% annual rate farther into the distance.