Higher inflation from tariffs is still expected to flow through the U.S. economy, but Wall Street investors aren’t expecting the price increases to show up this week.

The New York Times said Trump waved a draft letter firing Powell at an Oval Office meeting late Tuesday. Trump had gathered a ...

The producer-price index was flat last month, after rising by an upwardly revised 0.3% in May, more than previously thought, the Labor Department said.

U.S. producer prices were unexpectedly unchanged in June as an increase in the cost of goods because of tariffs on imports ...

Consumer prices likely rose slowly in May, as measured by the Federal Reserve's preferred gauge of inflation, Personal ...

Prices rose faster in May than forecasters had anticipated, and consumers unexpectedly lost income and pulled back on ...

First, PCE data is more comprehensive than CPI data. It includes a broader subset of goods and services prices, as well as spending from both rural and urban consumers.

Consumer spending declined for the first time since January, according to new data released Friday that also showed inflation heated up on an annual basis.

Core PCE inflation, which strips out volatile food and energy prices, rose to 4.6% in May year-on-year, which is down marginally from April’s 4.7% figure.

The PCE inflation measure, followed closely by the Federal Reserve crept up in February. A core reading stayed elevated. What it means for rate cuts.

The PCE inflation gauge does a better job of communicating this real, systemic inflation to the Fed's policymakers. The bottom line on PCE (Image credit: Getty Images) ...