Reported 1 day ago
The Federal Reserve's favored inflation metric, the PCE index, indicated that prices rose 0.3% in December and 2.6% annually, remaining above the Fed's target. Core PCE, excluding food and energy, rose 0.2% for the month and 2.8% from a year ago. While prices for services grew significantly, goods remained flat. Despite ongoing inflation concerns, expectations suggest potential moderation in service prices by spring.
Source: YAHOO