Back when inflation surged after the COVID pandemic, the New York Fed rolled out a measure of prices that showed that things ...

Consumer spending, which accounts for more than two-thirds of U.S. economic activity, surged 0.7% in March after an upwardly revised 0.5% gain in February, the Commerce Department' said on Wednesday.

The Multivariate Core Trend inflation rate for March accelerated to 3.0% YoY, the worst reading since February 2024, ...

A car-buying frenzy, stoked by tariff fears, drove US consumer spending in March to its biggest monthly gain in more than two years, new data showed Wednesday.

Tariffs hadn't raised the cost of living as of March, according to Wednesday's report on the Federal Reserve's preferred ...

Economists forecast that the core PCE inflation index would rise 2.5%. The PCE Price Index was unchanged from month-ago levels. Excluding food and energy, the index also was unchanged. The PCE ...

Buried in Fed Chair Jerome Powell's speech on the Fed's framework review was a forecast for the April reading of the personal consumption expenditure price index, which isn't due for release until May ...

Wednesday's stock market selloff eased slightly after the Federal Reserve's preferred inflation gauge offered some encouraging signs. The core personal consumption expenditures price index, which ...

While some Federal Open Market Committee members worry about the potential for tariffs to push prices higher, economic ...

Economists expected the PCE price index to cool sharply to 2.2% annually in March, likely due to falling energy costs as oil prices slumped on lower demand expectations. Energy prices did indeed ...