Fed’s preferred inflation gauge posts largest monthly gain since April as tariff fears boost spending
US inflation increased by the most in eight months in December amid a surge in consumer spending, suggesting the Federal ...
MT Newswires on MSN19m
December Consumer Spending Accelerates as Annual Core Inflation Holds Steady
Consumer spending growth accelerated at the end of 2024, while the Federal Reserve's preferred inflation metric held steady at the annual level, government data showed Friday. Personal consumption ...
Key US inflation gauge posts largest monthly rise since last April
The increase was in line with economists' expectations. In the 12 months through December, the PCE price index advanced 2.6%.
Social Security COLA prediction: Bad news for retirees in 2026?
The nonpartisan advocacy group The Senior Citizens League predicts the 2026 COLA will be 2.1%, based on data from the Bureau ...