Employee compensation costs rose more than expected at the start of the year, posing a further threat signal for continued inflation, while consumer confidence hit its lowest level in nearly two years. The employment cost index, which measures workers’ salaries and benefits, rose 1.2% in the first quarter, the Labor Department reported Tuesday. That was…
Inflation showed little sign of abating in March, with a key barometer closely watched by the Federal Reserve showing price pressures remaining elevated. The price index of personal consumption expenditures excluding food and energy rose 2.8% in March from a year earlier, the same as in February, the Commerce Department reported Friday. That was above…
A measure of wholesale prices rose less than expected in March, perhaps providing some relief from fears that inflation will remain higher for longer than many economists had expected. The producer price index rose 0.2% for the month, less than the Dow Jones consensus estimate of 0.3% and not as large as the 0.6% increase…
The consumer price index accelerated faster than expected in March, pushing up inflation and likely dashing hopes that the Federal Reserve can cut interest rates soon. The consumer price index (CPI), a broad measure of the cost of goods and services across the economy, rose 0.4% for the month, representing a 12-month inflation rate of…
Inflation rose as expected in February, likely putting the Federal Reserve on hold before it can consider cutting interest rates, according to a measure the central bank considers its more important barometer. The price index of personal consumption expenditures excluding food and energy rose 2.8% on a 12-month basis, up 0.3% from a month ago,…
A customer shops for groceries at a grocery store on March 12, 2024 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Wholesale prices rose faster than expected in February, further evidence that inflation remains a problematic issue for the U.S. economy. The producer price index, which measures pipeline costs for…
Inflation rose as expected in January, according to a key indicator the Federal Reserve uses in its rate-cutting deliberations. The price index of personal consumption expenditures, excluding food and energy costs, rose 0.4% for the month and 2.8% from a year earlier, in line with Dow Jones consensus estimates. Monthly growth was just 0.1% in…
Inflation rose more than expected in January as stubbornly high housing prices weighed on consumers, the Labor Department reported Tuesday. The consumer price index, a broad measure of the prices buyers pay for goods and services across the economy, rose 0.3% for the month, the Bureau of Labor Statistics reported. On a 12-month basis, this…
