Those figures were in line with the estimates of economists polled by LSEG. Core PCE, which excludes volatile food and energy prices, rose 0.4% for the month and 2.8% from a year ago, slightly ...

But the Fed's preferred metric for core inflation increased farther above the central bank's target. Incomes climbed by 0.8%, better than the 0.4% that analysts had been expecting. Consumer ...

Core PCE, which excludes volatile food and energy prices, was also flat from a month ago and grew 2.6% on an annual basis. LSEG economists predicted a slight monthly increase of 0.1%, while their ...

Back in April 2022, when the Fed’s favored inflation measure, the PCE price index, was surging towards its June 2022 high of 7.2% year-over-year, and core PCE to a high of 5.6%, the New York Fed ...