Inflation, Fed
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Core PCE prices in April rose 0.2% for the month and 3.3% for the year, against estimates of 0.3% and 3.3%, the Commerce Department reported Thursday. While the annual rates were in line with forecasts, soft monthly readings could provide some hope that ...
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US inflation hits three-year high in April as Americans' income and spending power erodesA key inflation gauge accelerated in April to the highest level in three years, squeezing Americans' finances. Inflation jumped to 3.8% in April compared with a year ago, the Commerce Department said Thursday, up from 3.5% in March and the highest since ...
