PCE inflation report October 2023:

A person shops in a grocery store as prices are displayed on October 12, 2023 in Los Angeles, California. Mario Tama | Getty ImagesInflation as measured by personal spending increased in line with expectations in October, possibly giving the Federal Reserve more incentive to hold rates steady and perhaps start...

Read more...

U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated

The U.S. economy grew at an even stronger pace then previously indicated in the third quarter, the product of a better than expected business investment and stronger government spending, the Commerce Department reported Wednesday.Gross domestic product, a measure of all goods and services produced during the three-month period, accelerated...

Read more...

Fed’s Waller expresses confidence that policy is in the right place to bring down inflation

Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, D.C., on Friday, Sept. 23, 2022.Al Drago | Bloomberg | Getty ImagesFederal Reserve Governor Christopher Waller said Tuesday he's growing more confident that policy is in a place now to bring inflation back under...

Read more...

Wholesale prices fell 0.5% in October for biggest monthly drop since April 2020

Grocery items are offered for sale at a supermarket on August 09, 2023 in Chicago, Illinois. Scott Olson | Getty ImagesWholesale prices in October posted their biggest decline in 2½ years, providing another indication that the worst of the inflation surge may have passed.The producer price index, which measures final-demand...

Read more...