US Personal Spending m/m

The Personal Consumption Expenditures index — the Federal Reserve's preferred inflation measure — rose at a 4.1% annual rate in May, highlighting the central bank's challenge in reining in prices. The reading matched economists' forecasts for the PCE report to come in at 4.1% annually, according to financial data service FactSet. That compares with an annual increase of 3.8% in April, and represents the highest level since April 2023. Core PCE, which strips out volatile energy and food prices, rose 3.4%, slightly higher than the 3.3% ...

US inflation increased further in May, breaking above 4.0 percent for the first time in three years as the Middle East conflict boosted energy prices, and potentially drawing the Federal Reserve closer to raising interest rates this year. The personal consumption expenditures price index surged 4.1 percent in the 12 months through May, the largest increase and first reading above 4.0 percent since April 2023, the Commerce Department's Bureau of Economic Analysis said on Thursday. PCE inflation rose by an unrevised 3.8 percent in ...

Inflation continued to hit consumer wallets in April, likely keeping the Federal Reserve on the sidelines until the current wave subsides, fresh pricing data released Thursday showed. The personal consumption expenditures price index increased a seasonally adjusted 0.4% for the month, putting the 12-month inflation rate at 3.8%, the Commerce Department reported. Economists surveyed by Dow Jones had been looking for respective readings of 0.5% and 3.8%. Excluding food and energy, core prices rose 0.2% for the month and 3.3% for the ...

The Federal Reserve’s favored top-line inflation gauge is rapidly approaching 4% as a war-driven spike in energy costs generates unease that price pressures will broaden. Government data on Thursday are expected to show the personal consumption expenditures price index jumped 3.8% in April from a year ago. That would put inflation a full percentage point higher than it was in February, marking the biggest two-month acceleration since late 2021. Even stripping out energy and food, the so-called core price measure likely picked up in ...

Personal spending jumped 0.9% in March, right in line with the consensus forecast. More encouraging for consumer spending in the second quarter was the improvement in personal income growth to a better than expected 0.6% gain last month. Inflation readings heated up as expected with PCE and core PCE prices rising 0.7% and 0.3%, respectively, in line with our forecasts. Real personal spending, after adjusting for inflation, increased 0.2% in March, a slight moderation from February’s 0.3% gain but a solid showing, nevertheless. Goods ...