The increase was in line with economists' expectations. In the 12 months through December, the PCE price index advanced 2.6%.

The nonpartisan advocacy group The Senior Citizens League predicts the 2026 COLA will be 2.1%, based on data from the Bureau ...

Plus, why Morningstar believes the Federal Reserve will cut interest rates this year more than the markets predict.

The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.

Friday’s report from the Commerce Department showed that consumer prices rose 2.6% in December from a year earlier, up from a ...

Inflation closed out 2024 on a strong note, as a price gauge the Federal Reserve focuses on came in well above the central ...

Chicago Federal Reserve President Austan Goolsbee said inflation data released on Friday was a bit better than expected and ...

The Federal Reserve's preferred measure of inflation picked up in December, pushing the central bank's goal of a 2% annual rate farther into the distance.

The Bureau of Economic Analysis said Friday that personal consumption expenditures rose 2.6% in December, in line with expectations. Core PCE, omitting food and energy, was 2.8%.

No economic story has been as constant in recent years as the dramatic increase in inflation from 2021 to early 2023 and its ...

Inflation rose two-tenths of a percentage point to 2.6% for the year ending in December, the Bureau of Labor Statistics ...