though they view core data as a better indicator of inflation. Headline PCE ticked higher from an annual rate of 2.4% in November to 2.6% last month, while core PCE has been at 2.8% for three ...

However, a closely watched measurement of underlying inflation trends indicated some progress in the fight to rein in price hikes. The Personal Consumption Expenditures price index rose 2.6% in ...

The increase in inflation in the past year was at a seven-month high of 2.6%, up from 2.4% in the prior month. As recently as September, the rate of PCE inflation had slowed to a 31/2-year low of ...

While inflation has subsided from a 40-year high of 9.1% in June 2022, it rose 2.9% in December on a year-over-year basis due to higher prices on gasoline, which rose 4.4% from the prior month ...

Fed Chairman Jerome Powell said the PCE inflation report in December is expected to show prices rose 2.6% in the past 12 months, or a somewhat higher 2.8% based on the core rate that omits food ...

In its statement, the Fed removed its assertion in December that inflation “has made progress” toward the Fed’s 2% goal, simply noting that “inflation remains somewhat elevated.” ...

After new data showed underlying inflation tumbled from 3.6 per cent in September to 3.2 per cent in December – its lowest rate in three years –bond market investors became almost certain the ...

CPI inflation hit its lowest point since it started picking up in September 2024 but has since ticked up a bit to 2.9%, showing that inflation is proving more stubborn than expected. The Fed’s ...

Headline inflation rose 0.2 per cent in the December quarter, ABS figures show, while annual inflation slowed to 2.4 per cent. Underlying inflation also cooled more than most economists had forecast.

AFP via Getty Images The policy statement accompanying the decision did not include the reference to inflation having “made progress” toward the Fed’s 2% target. “The Fed’s prognosis is ...

Bank of Japan (BoJ) Governor Kazuo Ueda said on Friday that underlying inflation is still somewhat below 2%. Ueda added that the Japanese central bank would maintain an accommodative policy to ...