News

US consumer spending falls; tariff-related boost to inflation awaited
U.S. consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor vehicles ahead of tariffs faded, while monthly inflation increases remained moderate.
Key inflation gauge rose last month while Americans cut back on spending
A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back ...
PCE report today shows U.S. inflation ticked higher in May as consumers pared spending
New federal data showed that inflation edged up in May, but U.S. prices show only modest impact from U.S. tariffs.
Gloomy Americans cut back on spending as inflation ticks higher
A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back ...
The Fed’s Preferred Inflation Gauge Was Slightly Hotter in May, as Spending Cooled
Most economists and policymakers are bracing for price pressures to intensify this summer because of President Trump’s ...
Core inflation rate rose to 2.7% in May, more than expected, Fed's preferred gauge shows
The PCE price index was projected to rise 0.1% in May, with the annual inflation rate at 2.3%, according to the Dow Jones ...
Inflation, Spending Data Leave a Cloudy Picture for the Federal Reserve
The Federal Reserve’s preferred inflation gauge had been expected to reinforce the growing case for interest rate cuts sooner ...
Inflation At 2.7%—Higher Than Expected And Over Fed’s Goal
Inflation inched up more than expected last month, according to Commerce Department data released Friday morning, as Wall ...