Fed's Powell said PCE inflation rose 2.6% in 12 months ended in December
Fed Chairman Jerome Powell said the PCE inflation report in December is expected to show prices rose 2.6% in the past 12 months, or a somewhat higher 2.8% based on the core rate that omits food and ...
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Assessing Bitcoin’s short-term outlook as Fed maintains interest rates
After the recent Fed rate decision, Bitcoin [BTC] reacted moderately and reclaimed $105K. On the 29th of January, the Fed ...
Here's the inflation breakdown for December 2024 — in one chart
The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and energy prices.
U.S. Q4 GDP Slows to 2.3% as Investment Drops; Inflation Rises, Jobless Claims Decline
U.S. GDP growth slowed to 2.3% in Q4, weighed down by weak investment. Inflation ticked higher, while jobless claims fell, signaling a resilient labor market.
Fed Holds Interest Rates Steady, Halts Streak Of Consecutive Cuts, Says Inflation Remains 'Elevated'
The Federal Reserve elected to keep interest rates unchanged at its Wednesday meeting, snapping a streak of three consecutive ...