Consumer spending slowed despite rising incomes, potentially an early reaction to higher prices on some imported goods.

The Fed's preferred inflation gauge, the PCE index, showed that price growth eased in April as inflation numbers trended closer to the central bank's target.

Economists had expected the personal consumption expenditures index to tick down slightly to 2.2% from the month before.

Personal Consumption Expenditures Price Index Expected at 2.2% Annual Rate Economic forecasts anticipate the personal consumption expenditures (PCE) price index to register a 2.2% annual rate for ...

Federal Reserve officials agreed earlier this month to hold off on any interest-rate moves while they evaluated the impact of ...

Major U.S. stock indexes were headed mostly lower in Wednesday's final hour of trading after minutes of the Federal Reserve's May 6-7 meeting appeared to emphasize the risks of higher inflation. In an ...

Inflation remains above the Federal Reserve's 2% target ... of the far more economically important service sector provides insight into the mindset of the consumer,” said Joseph Brusuelas ...

PCE inflation data; first-quarter GDP update; Fed representatives speaking; consumer confidence; earnings from Nvidia, ...

However, the Federal Reserve has adjusted its inflation targets ... readiness to intervene if jobless claims rise, coupled with insights from Fed presidents engaging with companies and CEOs ...

A top Federal Reserve official said Friday that massive uncertainty created by President Donald Trump’s tariffs has caused some businesses to cut back on hiring and spending, threatening to slow the ...

The Federal Reserve said Wednesday it was leaving ... managing director of Inflation Insights consultancy, said in a note to clients following Wednesday’s rate decision. A host of indicators ...

The core personal consumption expenditures index, which strips away food and energy prices, rose 0.1% for the month and 2.5% ...