Reported about 23 hours ago
The U.S. Commerce Department reported a 0.3% increase in the Personal Consumption Expenditures (PCE) price index for January, consistent with economists' expectations. While year-over-year inflation eased slightly to 2.5%, core inflation remains a focus for the Federal Reserve as it aims for a 2% target. Analysts suggest the Fed may consider interest rate cuts due to slowing consumer spending and economic growth, despite persistent inflationary pressures.
Source: YAHOO