The headline index was up 2.3% year-over-year, as expected.

The best the Fed can do (whether or not tariff shocks appear) is keep nominal spending on a stable trajectory.

Most economists and policymakers are bracing for price pressures to intensify this summer because of President Trump’s ...

The U.S. Bureau of Economic Analysis announced Friday that core inflation jumped higher than expected last month.

The U.S. Commerce Department said on Friday its Personal Consumption Expenditures Price Index gained 0.1% in May, matching ...

New federal data showed that inflation edged up in May, but U.S. prices show only modest impact from U.S. tariffs.

Consumer spending in May fell for the first time this year, the Commerce Department reported Friday, indicating that ...

Investors have been closely watching data releases for signs of when, or if, the Federal Reserve will cut interest rates this ...

A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back ...

At the same time, Americans cut back on spending for the first time since January, as overall spending fell 0.1%. Incomes ...