The inflation gauge the Federal Reserve relies on most to decide whether to raise or lower U.S. interest rates is likely to ...

In the 12 months through May, PCE inflation increased 2.3% after climbing 2.2% in April. Stripping out the volatile food and energy components, the PCE Price Index increased 0.2% last month. That ...

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

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

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

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

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.

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) ...