US consumer spending barely rose in January after economic growth was weaker than previously reported at the end of last year, suggesting the economy lost some momentum before the war with Iran.
Annual inflation was unchanged last month at 2.4%, according to the latest Consumer Price Index, released Wednesday.
The PCE price index for January was expected to show headline inflation at 2.9% and core at 3.1%.
Data on consumer prices in February will inform the Federal Reserve’s deliberations over interest rates next week.
Inflation remained unchanged in December, according to a federal report released Tuesday. This past month’s inflation rate was 2.7 percent, matching November’s rate and lower than September’s 3.0 ...
Consumer inflation in the United States remained stable at 2.4 percent in February, official data showed Wednesday, with price shocks from the US-Israel war on Iran yet to be reflected ...
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US core inflation slowed as expected before war with Iran
The pullback in underlying inflation also reflected tamer housing costs — one of the biggest components of the CPI.
Real-time Truflation data show US price pressures easing, a shift that could reshape expectations for Fed policy and influence cryptocurrency and risk-asset markets. Alternative inflation data ...
The prices businesses pay to each other took a sharp turn higher in January, new data showed Friday, indicating that more tariff-related price increases could be still to come.
The US stock market is expected to open flat as investors monitor Middle East tensions and await inflation data. The S&P 500, Dow Jones, and Nasdaq suffered losses previously, with crude oil prices ...
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