I would like to see progress in lowering inflation resume before we make further adjustments” to the main interest rate, Federal Reserve Governor Michelle Bowman said.

The increase was in line with economists' expectations. In the 12 months through December, the PCE price index advanced 2.6%.

The US personal consumption expenditures PCE price index the Federal Reserve preferred inflation measure rose 26 percent in December compared w ...

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Inflation in the US climbed in December, with consumer spending accelerating, potentially delaying Federal Reserve interest ...

“The Fed’s prognosis is for a slower pace of monetary easing moving forward, as the economy is doing well and prices are only slowly returning to target in an environment of great uncertainty,” said ...

Economic Survey offers hope to 'aam aadmi' on inflation pains, subject to terms and conditions India Inc earns fat profits ...

On a three-month annualised basis — seen as a more accurate picture of the trajectory of inflation — the core PCE price gauge ...

The accompanying policy statement did not include the reference to inflation having made progress toward the Fed's 2% target.

The Bureau of Economic Analysis said Friday that personal consumption expenditures rose 2.6% in December, in line with expectations. Core PCE, omitting food and energy, was 2.8%.

U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting ...