core PCE price index

US inflation increases moderately in February; consumer spending surges

Business
Jessica Roberts

WASHINGTON (Reuters) – U.S. prices increased moderately in February and the cost of services outside housing slowed considerably, keeping a June interest ...

US Inflation Gauge Seen Bolstering Fed Patience on Rates

Business
Jessica Roberts

(Bloomberg) — The Federal Reserve’s preferred measure of underlying US inflation probably remained uncomfortably high in February, showing why central bankers are ...