An inflation measure closely watched by the Federal Reserve rose faster than expected in March as high prices continue to weigh on millions of Americans. The personal consumption expenditures index showed that consumer prices rose 0.3% from the previous month, according to the Labor Department, in line with expectations. On an annual basis, prices climbed 2.7% – higher than both the 2.6% forecast from LSEG economists and the 2.5% reading recorded the previous month. In another sign that progress...
U.S. economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential for the first time in nearly two years, but the signs of slowing were accompanied with fast inflation that, if sustained, would pose a particular dilemma for the central bank.
The core personal consumption expenditures price index was expected to increase 2.7% from a year ago in March, according to the Dow Jones consensus estimate.
On Friday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein reacted to the March PCE report that showed the yearly PCE inflation rate increasing with the annual core rate holding steady along with
Rising inflation has led consumers to rethink the idea that inflation was going to come down a lot this year. | Economy
Highs in 60s are expected on Monterey Peninsula Friday
Split-payment or installment plans such as buy now, pay later (BNPL) enable consumers to shop more strategically, buying items one day and paying for them with a set schedule of payments over time to better manage their budgets. According to PYMNTS Intelligence’s “Divided, Not Conquered: Acquirer and Merchant Confusion Clouds Split-Payments Landscape” report, a collaboration […]
US stock markets plunged amid fears of stagflation in the American economy, which grew at its slowest pace in nearly two years just as inflation jumped.]]>
As work begins on building the US’s first high-speed rail service – linking Los Angeles to Las Vegas – analysts say the project could serve as a blueprint for similar projects across the country
Economic growth increased at a slower pace than economists had predicted in the first quarter, while President Biden continued to deliver a positive message about the economy. NBC News' Peter Alexander reports.
David Ornstein joins Rebecca Lowe to discuss Arsenal's form in the Premier League and European play, explaining how the club can improve and why there is optimism amid high expectations.
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