Is Inflation Finally Cooling Again? The Fed's Favorite Gauge Says So
The PCE report, the Fed's preferred inflation measure, is out. Here's what it says.
A large majority of Americans say their incomes aren't keeping pace with inflation. Here's what the numbers say.
Here’s where the Fed’s preferred inflation reading landed in January
Inflation dropped slightly in January but consumer spending, the primary driver of the U.S. economy, also saw its biggest decline in four years.
Data Says Consumer Spending Pulled Back, Which Is Bad Economic News
Inflation decelerated but people are spending less and saving more as prices keep rising and wage growth slows. It’s worrying news for the Fed and economy.
Atlanta Fed predicts negative 1.5 percent GDP growth in first quarter
The Atlanta Federal Reserve is projecting a contraction of the nation’s gross domestic product (GDP) of 1.5 percent in the first quarter, flashing a warning sign for the U.S. economy. The
Fed seen resuming rate cuts in June as consumer confidence takes a dive
The Federal Reserve is likely to resume cutting interest rates in June and could reduce short-term borrowing costs again in September, traders bet on Tuesday as they took on board the implications of a widely watched survey that showed consumer confidence dove this month,