Federal Reserve's Inflation Gauge Hits Yearly High In January
Core PCE index's rise underlines inflation concerns and makes it unlikely the Fed will cut interest rates anytime soon.
Core PCE index's rise underlines inflation concerns and makes it unlikely the Fed will cut interest rates anytime soon.
As consumer spending outpaces forecasts, concerns arise over stagnant incomes; Federal Reserve to consider this crucial data in its upcoming policy meeting.
Core PCE Index's annual rise at 3.9% is the least in two years.