The Federal Reserve's primary inflation rate, the core PCE price index, fell to a seven-month low in January. However, consumer spending unexpectedly turned negative. The S&P 500, aiming to rebou… [+4489 chars]
PCE Inflation: Key Fed Price Gauge Soothes Markets (Live) - Investor's Business Daily
The PCE price index confirmed that disinflation progress continues.
By:JED GRAHAM, Investor's Business Daily
Source:Investor's Business Daily
Published:
Related News
Trump sues JPMorgan, Jamie Dimon over cutting off banking access - The Washington Post
President Donald Trump filed suit against JPMorgan Chase and its CEO, Jamie Dimon, saying the bank abruptly closed his accounts.
The Washington Post•Rachel Lerman, Andrew Ackerman
TikTok closes deal to divest U.S. operations - Axios
The deal ends a yearslong saga to force TikTok's Chinese parent ByteDance to sell the company's U.S. operation.
Axios•Sara Fischer, Christine Wang
Capital One acquires Brex for steep discount to its peak valuation, but early believers are laughing all the way to the bank - TechCrunch
Before everyone sharpens their knives, consider that for the VCs who backed Brex at its outset, the sale is a triumph.
TechCrunch•Connie Loizos