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Prices rose at a slower pace last month, the Fed's favored inflation gauge shows | CNN Business

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The Federal Reserve’s preferred inflation gauge showed prices rose at a slower pace last month, indicating further progress in the central bank’s battle with higher prices

. The Personal Consumption Expenditures price index, or PCE, rose by 5% in December, compared to a year earlier, the Commerce Department reported Thursday. In December alone, prices rose 0.1% from November. On a month-to-month basis, prices for goods decreased 0.7% and prices for services increased 0.5%, according to the PCE price index for December. Within those categories, food prices increased 0.2% and energy prices decreased 5.1%.

The increase is “a sign that consumers are growing cautious after rapidly drawing down their savings last year,” Lydia Boussour, senior economist for EY Parthenon, said in a statement. Separately on Friday, a closely watched measurement of consumer attitudes toward the economy showed increased confidence in January for the second consecutive month. The University of Michigan’s consumer sentiment index landed at 64.9 for January, up nearly 9% from December.

 

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So still rising. 🤡

You had to pay to promote a lie... you are never going to be seen as a news agency again.

The federal reserve should be burnt to the ground.

Trump2024! KickTheseComunnistOutTheDoor!

Do something with this and take those french cuff links off harrisonjaime RepJeffries SpeakerPelosi PressSec

Mahengai = Expenses Dayan = witch Khay = eats

This January slowdown in price increases signals that inflation might be reversing course, but consumers are NOT in the clear just yet. According to Forbes, while the economy is showing signs of more balance, there’s still a way to go before inflation retreats to the target 2%.

Inflation = Corporate Greed

Did the new recipe go into effect yet or are the cooks still working on it?

That face when prices going up is a good thing. THIS is CNN.

At a slower pace?! Where?!

“rose”

You cannot be serious

Hey everyone, inflation only rose a bit from last month…how high was it again?

Attacks in Iran and Lame Stream media is silent.

🎬

Rose. That’s the inflation thingy.

“Preferred inflation gauge”

Epic Fail Again! 😂 Report Real News TwitterFiles. Oh, I forgot…u were involved in the collusion btw FBI/DOJ, Social Media, to suppress free Speech & steal elections. Also covering for Big Pharma Vax Deaths & fake testing of Vax! CNNlies cnnFake

Jordon Trishton Walker

Oh dont worry there raising at a slower pace. Oh man. gtfoh like that's gonna make me feel better 😂😂😂😂

No it has not... Stop with the government propaganda

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The Fed's favorite inflation gauge shows price hikes cooled last month | CNN BusinessThe Federal Reserve's preferred inflation gauge showed prices rose at a slower pace last month, indicating further progress in the central bank's battle with higher prices. Softest landing The Fed has list the battle and the war seven times now. The price increases are stabilizing on their own. It is only natural. And their efforts to precipitate layoffs and decrease productivity (recession) are not acceptable to the economy.
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