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Fed’s Inflation Measure Ticks Up Amid Uncertainty Over Tariffs
While the consumer price index is more commonly known, the Fed relies heavily on the PCE for deciding its stance on monetary policy. At the moment, the Fed is keeping interest rates high – and borrowing costs for consumers elevated – as it wants to see more data on how President Donald Trump’s import tariffs are affecting inflation.
Fed's Targeted Inflation Gauge Shows Little Tariff Impact
The Federal Reserve's targeted inflation measure ticked slightly higher in May, but the numbers didn't show a big tariff-related upswing. Prices rose by 2.3% over the 12 months through May, according to the personal-consumption expenditures price index,
Economists warned that a barrage of new U.S. tariffs could trigger a renewed bout of inflation. So why aren't prices surging?
U.S. consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor vehicles ahead ...
The US president’s liberation day tariffs are due to return from July 9, with warnings they could do as much inflation damage ...
The Federal Reserve's preferred measure of inflation showed mild price gains in May, though consumer spending slumped and pay ...
Economists aren't as confident as the Trump administration in tariffs' ability to boost U.S. factories and jobs, especially ...
Fed Chair Jerome Powell defends the interest rate pause amid concerns about tariff-driven inflation. Here’s what this means ...
The Trump administration's tariff plans may well just cause a one-time jump in prices, but the risk it could cause more ...
Higher inflation from tariffs is still expected to flow through the U.S. economy, but Wall Street investors aren’t expecting ...
The data suggests growth is cooling as Americans slow spending, in part because President Donald Trump's tariffs have hiked ...
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