The personal consumption expenditures price index, or PCE, inched higher in May, the latest sign that inflation remains stubbornly above the Federal Reserve’s 2% annual target. Prices rose 2.3% in
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Stocks started Friday within a hair’s breadth of their record closing highs, with investors optimistic despite a hotter-than-expected inflation read. The S&P 500 gained 0.2%. The Nasdaq Composite rose 0.3%.
Consumer sentiment steadied in May as Americans grew more optimistic about the US economy following developments in President Trump’s trade policy. According to the final May reading of the University
Core inflation ticks up, with PCE report displaying costs rising sooner than economists had forecast
The core private consumption expenditures (PCE) worth index, the Federal Reserve’s most well-liked inflation measure, ticked up final month, rising greater than economists had forecast and signaling that worth hikes
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