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.

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

The Federal Reserve’s preferred gauge of inflation, the Personal Consumption Expenditures (PCE) price index, remained unchanged in March after rising 0.4% the previous month. From the same month one ...

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

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 ...

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

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 ...

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 ...

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 ...