Inflation Surge Adds to Pressure on Fed
The Federal Reserve's preferred inflation metric rose 4.1% in October, the biggest jump since January 1991.
July Jump in Prices Eases Disinflation Fears
Core inflation rose 0.6% last month, the largest gain since January 1991, as the disinflationary impact of the coronavirus continued to wear off.
Key Inflation Rate Hit Fed’s Target Level in May
The rise in the core personal consumption expenditures index last month is not expected to change the Fed's policy of gradual rate increases.
Consumer Spending Rises 0.6% in November
“Without sustained improvement in wages, consumers will struggle to maintain even today’s moderate pace of consumption," one economist says.