The Federal Reserve is expected to hold interest rates steady this week at a two-day meeting overshadowed by a Trump administration criminal investigation of U.S. central bank chief ...
Inflation has been top of mind in recent years. Most of Wall Street follows the CPI but the Fed favors the PCE. Here's why.
Legislation to fund much of the US government appears to be in peril this week, with odds spiking that another partial government shutdown will strike Friday at midnight.
Inflation is drifting higher again in the Federal Reserve's preferred yardstick, complicating hopes that price pressures were gliding smoothly back to target. The personal consumption expenditures ...
Major stock indexes closed sharply higher for a second straight session Thursday after President Donald Trump reduced tensions with European allies by backing off his threat of imposing new tariffs ...
Gold and silver hit record highs, fueled by interest rate cut expectations and a weaker US dollar, despite warnings of a pullback.
U.S. consumer spending rose 0.5% in November, keeping economic growth strong as GDP surges and inflation data is distorted by ...
Trump walking back on his tariff threats on EU countries and toning down rhetoric on Greenland has revived talks of TACO — ...
The Fed’s preferred inflation gauge, the core PCE price index, rose 2.8% year-over-year in November. This was consistent with ...
Producers of metals and other raw materials rose as a precious-metals rally continued. Gold futures, which have gathered momentum for months amid geopolitical uncertainty and central-bank rate cuts, ...
Consumers continued to ramp up their spending as the holiday shopping season kicked into high gear in November, but inflation continued to bite, new data showed Thursday.
U.S. consumer spending increased solidly in November and October as households stepped up purchases of a range of goods and ...