The Personal Consumption Expenditures price index gained 0.4% in August, matching the median forecast and the inflation seen in July.
The Personal Consumption Expenditures price index climbed 0.4% in July, matching the median forecast. It was a slowdown from June's pace.
The labor shortage and surging inflation have set new minimums on pay and prices, but growth will likely slow down.
The Personal Consumption Expenditures price index gained 0.5% in June. Economists surveyed by Bloomberg anticipated a 0.4% increase.
Americans spent $2.32 billion in May at movie theaters, 166.1% higher than in January's pre-vax economy.
The discrepancy between supply and demand in sectors like cars and chips pushed up inflation, but it will unwind, Goldman Sachs said.
The Personal Consumption Expenditures price index rose 0.4% last month, the Commerce Department said. The median estimate was for a 0.5% jump.
The Personal Consumption Expenditures index - among the country's most popular inflation measures - rose 0.6% in April as reopening lifted demand.
The PCE price index - a popular gauge of inflation - rose to 3.5% from 1.7% in the first quarter. Fed Chair Powell still insists this is "transitory."
A trade war has been brewing between the US and China. The White House has said the US would have an edge over China in a trade war. But economists think China has more room to negotiate. The White House has asserted the US has the whip hand in a […]