The Federal Reserve’s preferred inflation gauge heated up unexpectedly in January, showing the continued strength of the US economy – and that rising prices won’t be so easily defeated. Inflation picked up speed in January as the Personal Consumption Expenditures price index rose 5.4% in January from a year earlier, the Commerce Department’s Bureau of Economic Analysis reported Friday. In December, prices rose 5.3% annually. In January alone, prices were up 0.
The Fed’s go-to inflation gauge, the Core PCE Index showed prices rising 0.6% on a monthly basis and 4.7% for the 12 months ending in January. Economists were expecting the annual core index to land at 4.3% and extend what was a three-month stretch of cooling. The PCE indexes are included in the Personal Income and Outlays report published by the BEA. The report includes the latest estimates on how much consumers are bringing in and how much they’re spending.
Gas prices are back up to pre-midterm levels too. Stupid voters were manipulated.
It never stopped, and it's not going too.
love the use of the costco graphic to make it seem like meat prices are insane. It's bulk pricing..
Corporate Greed
I thought Joe fixed that?