PCE inflation meets expectations. The Fed is likely to hold rates next week

The reading likely will reinforce policymakers’ cautious stance on rate cuts.

Stale reading on Fed's inflation gauge keeps central bank on course to hold rates next week

A delayed reading on the Federal Reserve’s preferred inflation gauge released Thursday keeps the central bank on course to hold interest rates steady next week.

Inflation is an ‘economic thief.’ Can the Fed finally arrest the frustrating rise in prices?

The last time U.S. inflation was below 2%, Tom Brady was the reigning Super Bowl MVP as a member of Tampa Bay Buccaneers.

Inflation Steady as Fed Considers Rate Path

Food inflation has been relatively moderate though in recent years compared with the steep rise in grocery costs in 2022. The surge in prices at the time was largely the result of a mix of supply and demand pressures, many tied to the pandemic and other global events.

Core PCE Inflation At 2.8% In November, As Expected

The Fed’s preferred inflation gauge, the core PCE price index, rose 2.8% year-over-year in November. This was consistent with the forecast and a slight pickup from October's 2.7% reading. On a monthly basis, the core index was up 0.2%, as expected.

Inflation held firm in December, testing Fed amid DOJ probe into Powell

Probe brings scrutiny to independence of Fed and its capacity to manage prices.