Inflation dynamics to close out last year strongly point to a near-term return to the Federal Reserve’s 2% inflation target amid a solid labor market, strong spending and real income gains. … READ MORE >
PCE deflator
Personal spending grows hot in July as inflation stabilizes
American consumers remained in the position of strength when it came to spending and income growth this summer as inflation stabilized further and the labor market stayed resilient. … READ MORE >
Key gauges of prices and labor rise, affirming likelihood of rate hikes
Two of the Federal Reserve’s closely watched gauges for prices and labor costs released on Friday reaffirmed expectations that the central bank will begin raising interest rates in March as the Fed moves to tame inflation. … READ MORE >
Personal spending and income rose in October, beating expectations
October’s personal income and spending data released by the government on Wednesday gave more reasons to end the short Thanksgiving week on a good note. Personal income rose by 0.5% on the month, beating expectations of a 0.2% increase, … READ MORE >