The better-than-expected data sent the blue-chip Dow Jones Industrial Average surging more than 700 points, or 1.7%, as ...
Top Federal Reserve officials — including Chair Jerome Powell — are increasingly pointing to an obscure price gauge as a reason to maintain confidence in their outlook: “market-based” inflation.
The Commerce Department released data showing that PCE inflation ticked higher in October, though the Federal Reserve's preferred inflation gauge remained near last month's level. Chicago Federal ...
The Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, rose by just 0.1 percent from October to November, marking a significant deceleration ...
An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. Friday’s report from the Commerce ...
Jan 16 (Reuters) - A gauge of manufacturing activity in the ... that the factory sector's long slump may be ending. The Federal Reserve Bank of Philadelphia said on Thursday that its monthly ...
Economists at Capital Economics and Pantheon Macroeconomics have crunched the numbers, and they have determined that this week's readings on wholesale and consumer-price inflation likely portend an ...