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Fed's Targeted Inflation Gauge Shows Little Tariff Impact
The Federal Reserve's targeted inflation measure ticked slightly higher in May, but the numbers didn't show a big tariff-related upswing. Prices rose by 2.3% over the 12 months through May, according to the personal-consumption expenditures price index,
Fed’s Inflation Measure Ticks Up Amid Uncertainty Over Tariffs
While the consumer price index is more commonly known, the Fed relies heavily on the PCE for deciding its stance on monetary policy. At the moment, the Fed is keeping interest rates high – and borrowing costs for consumers elevated – as it wants to see more data on how President Donald Trump’s import tariffs are affecting inflation.
The headline index was up 2.3% year-over-year, as expected.
The Federal Reserve’s preferred inflation gauge had been expected to reinforce the growing case for interest rate cuts sooner ...
At the same time, Americans cut back on spending for the first time since January, as overall spending fell 0.1%. Incomes ...
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 ...
The cost of living rose slowly in May for the third month in a row, but the rate of inflation is probably still too high for ...
US consumer sentiment rose sharply in June to a four-month high and inflation expectations improved notably as concerns eased ...
Director of the National Economic Council Kevin Hassett told "Special Report" host Bret Baier he has "high confidence" ...
Higher inflation from tariffs is still expected to flow through the U.S. economy, but Wall Street investors aren’t expecting ...
Inflation in Tokyo slowed for the first time in four months as energy price gains eased and the municipal government waived ...
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