Reported 1 day ago
The latest core Personal Consumption Expenditures (PCE) index data from the Federal Reserve shows a 0.2% increase in December, matching expectations, and bringing the annual increase to 2.8%. This follows a 0.1% rise in November and highlights ongoing inflation concerns, as overall PCE rose 2.6% year-over-year. Fed Chair Jerome Powell noted inflation remains elevated relative to the 2% target and indicated that the Fed is awaiting further data and clarity on potential tariff impacts before making future rate decisions.
Source: YAHOO