The likelihood of a 50 basis-point rate hike by the Federal Reserve in May increased on Thursday as the government reported that a key inflation gauge continued to surge in February. The data for the personal consumption expenditures price index came as another strong jobs report is expected on ... READ MORE >
personal consumption expenditures
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. The personal consumption expenditures deflator, the Fed's official indicator for ... 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, while spending rose by a sharp 1.3% in October on a dollar basis. ... READ MORE >