Key US Inflation Metric Ticked Up in Biden's Last Month in Office

Articles

Summary

US inflation increases in December; consumer spending robust

Goods prices rose 0.2 per cent, the first gain in five months, lifted by higher costs for motor vehicles and parts as well as gasoline and other energy goods, which jumped 4.2 per cent.</p><p>

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Deccan Herald

U.S. inflation ticked higher last month, in latest sign of persistent price pressures

An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated, even as inflation is cooling in fits and starts.

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Winnipeg Free Press

Bidenflation's Last Gasp? December Data Shows A Jump In PCE Inflation

The pace of inflation picked up in the final full month of Joe Biden’s presidency, capping off the worst burst of soaring consumer prices in forty years.

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Breitbart

News Results

Inflation Rises In Key Report Tracked By Federal Reserve

The personal consumption expenditures (PCE) price index rose 2.6 percent in the 12 months to December, up from 2.4 percent in November. Excluding food and energy, it increased 0.2 percent. This is the third month in a row with an inflation increase in the report.

MIDDLE

31m ago

US PCE Inflation Rises to 2.6%, Core Inflation Steady at 2.8%

US PCE Inflation Rises to 2.6%, Core Inflation Steady at 2.8%. Stocks and Bitcoin are seeing gains as analysts and investors anticipate further growth in the coming months. The Fed paused interest rates on Wednesday, boosting Bitcoin and crypto prices. However, Fed Chair Powell’s comments about not rushing to cut rates were criticized by President Trump.

30m ago

PCE Report Shows Fed's Favorite Inflation Measure Accelerated In December

Inflation, as measured by Personal Consumption Expenditures, rose 2.6% over the year in December. The inflation rate was in line with forecasters' expectations, according to a survey of economists. The Federal Reserve's goal of a 2% annual rate fades into the distance.

MIDDLE

31m ago

Inflation gauge favored by Fed showed price growth picked up in December

Commerce Department releases closely watched inflation data. Inflation gauge favored by Fed showed price growth picked up in December.Core PCE, which excludes volatile food and energy prices, rose 0.2% for the month. Headline PCE ticked higher from an annual rate of 2.4% in November to 2.6%.

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32m ago

Fed’s preferred inflation gauge posts largest monthly gain since April as tariff fears boost spending

US inflation rose by the most in eight months in December. Labor costs rose in the fourth quarter as wages edged up. The Fed kept rates unchanged on Wednesday for the first time since launching its policy easing cycle in September. The policy statement did not include the reference to inflation having “made progress” toward the Fed’s 2% target.

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33m ago

U.S. inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction

Consumer prices rose 2.6% in December from a year earlier, up from a 2.4% annual pace in November. Excluding the volatile food and energy categories, core prices increased 2.8% compared with a year ago. The figures arrive just two days after President Trump threatened big import taxes on Canada and Mexico.

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37m ago

The Fed’s go-to inflation gauge heated up again

The Personal Consumption Expenditures price index rose 2.6% in December from the year before. That acceleration was in line with economists’ expectations, which called for a 0.3% increase. The annual rate of underlying inflation held pat at 2.8% for the third month in a row.

MIDDLE

8h ago

Headline PCE Inflation Continues To Rise; Savings Rate Revised Down... Again

Headline PCE rose to +2.6% (as expected)... SuperCore inflation remains very sticky, well above The Fed's mandate. Cyclical PCE continues to slide, Acyclical inflation (the segment that The Fed can't really 'manage'), pushed higher.

RIGHT

8h ago

Biden's Big Blemish: Wages Didn't Keep Up With Inflation

Biden's economic legacy is the fact that many Americans felt worse off during his presidency than they did before. One of the reasons behind this seeming disconnect is simple and it has to do with inflation, disinflation and wage growth. The Covid-19 pandemic and the supply-chain crisis that followed, combined with generous stimulus spending and Russia’s invasion of Ukraine in early 2022 had created a perfect storm of inflationary pressures.

RIGHT

9d ago

Biden Leaves Office With All-Time-Record US Trade Deficit In December

Biden's last month in office saw the US merchandise-trade deficit widen to a record low (high) The shortfall in goods expanded 18% to $122.1 billion. The figures suggest trade will be a bigger drag on fourth-quarter gross domestic product, which will be reported on Thursday.

RIGHT

2d ago

Fed Holds Rates Steady Following Flurry Of Cuts In 2024

The Federal Reserve announced Wednesday that it would maintain its federal funds target range at 4.25% to 4.50% despite continuously

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2d ago

5 things to know before the stock market opens Thursday

Stocks surged Wednesday following a tame inflation report and positive bank earnings results. The Dow Jones Industrial Average rose 703.27 points, or 1.65%, while the S&P 500 climbed 1.83% and the Nasdaq Composite gained 2.45%. S&p 500 futures were higher Thursday morning, as traders braced for another round of big bank earnings before the bell.

MIDDLE

15d ago