Personal spending rose 0.7%, surpassing forecasts of 0.5%, driven by a strong labor market and wage growth. The Federal Reserve, which closely watches PCE inflation, kept rates unchanged, signaling a cautious approach amid economic uncertainties, including potential inflationary impacts from President Trump’s trade and tax policies.
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U.S. PCE Inflation Accelerates in December
The U.S. Personal Consumption Expenditures (PCE) price index rose 0.3% in December, up from 0.1% in November, while annual inflation increased to 2.6% f...
author: Ahura Chalaki
17
published:Jan 31, 2025 14:56
Reading Time:
1 minutescategory:fundamental

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