Overall prices were up but core inflation held steady as consumers spent more, saved less and pushed more debt to credit cards.

The PCE price index accelerated for the third month in a row, to 2.6% year-over-year in December, the worst increase since ...

There’s a possibility that inflation sped past 3 percent in January due to higher oil prices and lingering food supply ...

Inflation rose two-tenths of a percentage point to 2.6% for the year ending in December, the Bureau of Labor Statistics reported Friday in an update to the personal consumption expenditures index, the ...

U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting ...

U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, ...

Consumer spending growth accelerated at the end of 2024, while the Federal Reserve's preferred inflation metric held steady at the annual level, government data showed Friday. Personal consumption ...

Consumers will see the price of alcohol rise from Saturday (the day that marks the end of dry January) when a hike in tax and duties comes into effect. The alcohol tax itself will rise in line with ...

Consumers keep spending, while inflation edges higher.Personal consumption expenditures (PCE) grew by a strong 0.7 percent in December, easily ...

The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.

The Commerce Department released a closely watched report on Friday showing consumer prices in the U.S. increased in line with ...

“The Fed’s prognosis is for a slower pace of monetary easing moving forward, as the economy is doing well and prices are only slowly returning to target in an environment of great uncertainty,” said ...