The Federal Reserve’s preferred inflation gauge, the core PCE price index, climbed 3.4% year-over-year in May, matching the forecast. The headline index surged 4.1% year-over-year, meeting ...

Committee members expect inflation to run above their 2% target for at least a few more years. In the Summary of Economic ...

The last time the Federal Reserve managed to hit its two-percent price-inflation target was March of 2021. At the time, Fed Chairman Jerome Powell was telling ...

The Federal Reserve has raised U.S. interest rates, with Chair Kevin Warsh saying inflation remains too high. All 12 voting ...

The annual pace of core inflation was a bit stronger than expected last month after removing volatile energy and food prices from the calculation. Core PCE prices advanced 0.3% on the month in May.

Washington: The US Federal Reserve has raised its benchmark interest rate by a quarter of a percentage point to 3.75–4 per ...

The headline PCE price index rose 3.7% annually, topping consensus by 0.1 percentage point, while core inflation matched expectations at 3.3% ...

June core PCE price index (excludes food and energy): +0.1% M/M vs. +0.2% consensus and +0.3% prior, according to data released by the Bureau of Economic Analysis on Thursday. Core PCE price index: +3 ...

WASHINGTON, July 15 (Reuters) - The U.S. Federal Reserve could more accurately estimate underlying inflation by including food and utility prices in its "core" Personal Consumption Expenditures Price ...