The increase was in line with economists' expectations. In the 12 months through December, the PCE price index advanced 2.6%.

The US personal consumption expenditures PCE price index the Federal Reserve preferred inflation measure rose 26 percent in December compared w ...

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Inflation in the US climbed in December, with consumer spending accelerating, potentially delaying Federal Reserve interest ...

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On a three-month annualised basis — seen as a more accurate picture of the trajectory of inflation — the core PCE price gauge ...

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The accompanying policy statement did not include the reference to inflation having made progress toward the Fed's 2% target. No rate cut is expected before June ...

The Bureau of Economic Analysis said Friday that personal consumption expenditures rose 2.6% in December, in line with expectations. Core PCE, omitting food and energy, was 2.8%.