The Federal Reserve's key inflation rate is still elevated but kept up its two-month streak of good readings. S&P 500 futures rose.
Corporate bond issuance is rising, with issuance increasing around 30% in 2024 compared to 2023. Read more here.
The Federal Reserve's preferred inflation gauge, known as the personal consumption expenditures index, rose in December in line with economists' expectations.
Inflation has moved down sharply from the 40-year peak it hit in mid-2022, but the Fed's 2% goal has remained elusive. In fact, the central bank's preferred pricing gauge showed headline inflation ticked higher to 2.4% in November, the highest since July, while the core measure excluding food and energy held at 2.8%.
Solid results from Apple are buoying spirits, as investors brace for PCE inflation and weigh Trump's renewed tariff threat.
The PCE price index accelerated for the third month in a row, to 2.6% year-over-year in December, the worst increase since May 2024. Click to read.
December’s PCE report on Friday suggests that inflation finished 2024 above the Federal Reserve's 2% target, but it didn't spiral out of control, which is "the ideal outcome" from a stock investor’s perspective,
Fresh tariffs amid high inflation are making the Fed’s job uniquely difficult and feeding uncertainty about what to expect for interest rates this year.
The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.
One of the most consequential takeaways from the latest PCE report showed that core inflation, which excludes volatile food and energy prices, was stable in December. An earlier reading from the CPI had showed a modest retreat in the year-over-year core rate.
An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated, even as inflation is cooling in fits and starts.
Gold prices rose to hit a lifetime high on Thursday, sparked by safe-haven demand due to U.S. tariff threats, while the focus was also on a crucial inflation report for clues on the Federal Reserve's policy path.