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Fed’s Preferred Inflation Gauge Slowed in March
Inflation slowed down in March, going by the Federal Reserve's preferred gauge, showing that price pressures were easing before President Trump's steep new tariffs landed earlier this month. The personal-consumption-expenditures price index rose by 2.
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.
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 ...
The personal consumption expenditures (PCE) price index held steady from February to March while dropping to an annual increase of 2.3 percent from 2.7 percent in February, the Commerce ...
Meanwhile, the U.S. personal consumption expenditures (PCE) price index was unchanged in March after advancing 0.4% in February. Quarterly PCE excluding the volatile food and energy ...
Economists expected the PCE price index to have cooled to 2.2% annually in March. Consumer spending rose 0.7% from February, marking a sharp acceleration from 0.1%.
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