The personal consumption expenditures price index was expected to show a 4.1% annual increase.
The Federal Reserve is in a difficult position amid the ongoing war with Iran.
The new CPI report showed inflation in May climbed to the highest rate in about three years.
Here’s why getting a handle on your financial plan is more important than ever.
US consumer prices rose 4.2% in May, in the hottest annual reading since April 2023, as surging energy costs pushed inflation ...
PCE inflation rose to 4.1% while core PCE reached 3.4%, its highest level since 2023, raising concerns that Fed rate cuts ...
For much of the past year, investors have focused on one question: when will interest rates come down? President Trump has ...
May's Personal Consumption Expenditures (PCE) index — the Federal Reserve's preferred inflation gauge — saw inflation rise ...
Consumers and U.S. workers are feeling the pinch of a wage growth rate that lags behind the rate of inflation.
U.S. Treasury yields were little changed on Wednesday as traders assessed critical inflation data.
An overwhelming majority of Americans are worried about inflation as concerns about tariffs stalled progress in bringing price increases down to a more palatable level – and the starkest impact of ...
Euro-area inflation topped 3% for the first time in more than 2 1/2 years, cementing expectations for an interest-rate hike when the European Central Bank meets next week.