The Fed’s go-to inflation gauge heated up again
The Federal Reserve’s preferred inflation gauge moved even higher in December, driven largely by rising energy prices as well as food. However, a closely watched measurement of underlying inflation ...
17 of 18 financial stocks post earnings beats - Earnings Scorecard
In this week's earnings recap, 18 companies belonging to the S&P 500 financial sector (NYSEARCA:XLF) reported their business performance for the quarter ended December. In the fourth quarter, XLF had ...
The Fed’s Preferred Inflation Measure Ticked Up Slightly in December
The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.
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Fed’s Preferred Gauge Of Inflation Aligns With Expectations In December: Question Is When Will It Reach Central Bank’s Target
The December personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred gauge of inflation, ...