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.
On a year-over-year basis, prices rose 5.4%, up from a 5.3% annual increase in December
The report also showed that consumer spending rose 1.8% last month from December after falling the previous month. 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.
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Key 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.
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Key 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.
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An inflation gauge tracked by Fed accelerated in JanuaryThe 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.
Leer más »
An inflation gauge tracked by Fed accelerated in JanuaryWASHINGTON (AP) — 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.
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Inflation gauge closely watched by the Fed accelerated more than expected in JanuaryInflation remains uncomfortably rapid, although it has cooled slightly from a peak notched in mid-2022, according to the PCE index released on Friday.
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Inflation rose to 5.4% in January, according to key gauge watched by FedInflation unexpectedly rose to 5.4% annually in January, as measured by the gauge favored by the Federal Reserve.
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