The Fed’s Preferred Inflation Measure Ticked Up Slightly in December
The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.
Key Fed measure shows core inflation at 2.8%, in line with expectations
Inflation closed out 2024 on a strong note, as a price gauge the Federal Reserve focuses on came in well above the central ...
The Trump administration can break Biden’s egg price inflation. Here’s how.
A chicken vaccination campaign would likely be cheaper for the Trump administration and, more importantly, better for ...
Inflation Worsened in December. What It Means for Fed Rate Cuts.
A spike in energy prices helped to lift the headline PCE price index in December. The combined cost of gasoline, electricity, ...
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Roundup: US labor costs / ExxonMobil / MSY logo
Cooling: U.S. labor cost growth cooled last quarter from a year earlier, reassuring Federal Reserve policymakers that wage pressures are gradually diminishing and no longer a key driver of inflation.
Here’s why people with the same income in America end up rich or broke
One great habit to fall into is tracking your spending with a budget. In 2024, a good 90% of Americans were following a ...
The Fed Is Sitting on the Sidelines, but for How Long?
The relative calm in the markets may not survive upheaval in the A.I. sector and a deluge of disruptive Trump policies, our ...
Inflation rose to 2.6% in Fed’s preferred gauge in December
Inflation rose two-tenths of a percentage point to 2.6% for the year ending in December, the Bureau of Labor Statistics reported Friday in an update to the personal consumption expenditures index, the ...
US Labor Costs Rise From Year Earlier by Least Since 2021
US labor cost growth cooled in the fourth quarter from a year earlier, reassuring Federal Reserve policymakers wage pressures ...
US labor costs rise moderately in fourth quarter
U.S. labor costs rose marginally in the fourth quarter, offering some comfort to Federal Reserve officials after progress ...
Mass layoffs in Alabama remained above pre-pandemic levels in 2024
Nearly 2,000 workers in Alabama were laid off in mass layoffs and plant closures in 2024, according to WARN notices filed with the Alabama Department of Commerce. About 21 employers in industries ...
Key US inflation measure posts largest monthly gain since last April
No rate cut is expected before June. Excluding the volatile food and energy components, the PCE price index rose 0.2% last month after an unrevised 0.1% increase in November. In the 12 months through ...