An inflation gauge tracked by Fed accelerated in January

Österreich Nachrichten Nachrichten

An inflation gauge tracked by Fed accelerated in January
Österreich Neuesten Nachrichten,Österreich Schlagzeilen
  • 📰 WashTimes
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 63%

The Federal Reserve's preferred inflation gauge ticked higher in January, a sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year.

Friday’s report from the Commerce Department showed that consumer prices rose 0.6% from December to January, up sharply from a 0.2% increase from November to December. On a year-over-year basis, prices rose 5.4%, up from a 5.3% annual increase in December.

All told, Friday’s data provided the latest sign that the economy remains gripped by high inflation despite the Fed’s strenuous efforts to tame it. Last week, the government issued a separate inflation measure — the consumer price index — which showed that prices surged 0.5% from December to January, much more than the previous month’s 0.1% rise. Measured year over year, consumer prices climbed 6.4% in January. That was well below a recent peak of 9.

The Fed is thought to monitor the inflation gauge that was issued Friday - the personal consumption expenditures price index - even more closely than it does the government’s better-known CPI. The PCE price index also seeks to account for changes in how people shop when inflation jumps. As a result, it can capture emerging trends — when, for example, consumers shift away from pricey national brands in favor of less expensive store brands.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

WashTimes /  🏆 235. in US

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Key inflation gauge tracked by Fed accelerated in January, a sign price pressures remain entrenchedKey inflation gauge tracked by Fed accelerated in January, a sign price pressures remain entrenchedThe Federal Reserve's preferred inflation gauge ticked higher in January, a sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year.
Weiterlesen »

US: Chicago Fed National Activity Index improves to 0.23 in January vs. 0.03 expectedUS: Chicago Fed National Activity Index improves to 0.23 in January vs. 0.03 expectedUS: Chicago Fed National Activity Index improves to 0.23 in January vs. 0.03 expected – by eren_fxstreet UnitedStates Macroeconomics EconomicIndicator
Weiterlesen »

Fed officials back ongoing rate hikes to quell above-target inflation: Fed minutes By Investing.comFed officials back ongoing rate hikes to quell above-target inflation: Fed minutes By Investing.com*FED OFFICIALS BACK ONGOING RATE HIKES TO QUELL ABOVE-TARGET INFLATION: FED MINUTES
Weiterlesen »

Fed's Mester: Financial market alignment with Fed much closer than beforeFed's Mester: Financial market alignment with Fed much closer than beforeCleveland Fed President Loretta Mester told CNBC on Friday that the financial market alignment with the Fed's policy outlook is much closer now than i
Weiterlesen »

US Federal Reserve denies Custodia Bank's request for Fed supervisionUS Federal Reserve denies Custodia Bank's request for Fed supervisionThe cryptocurrency-focused Custodia Bank has again been denied membership to the U.S. Federal Reserve System, with the Fed claiming crypto doesn’t fit in with “sound banking practices.”
Weiterlesen »



Render Time: 2025-03-09 19:26:53