This is nightmare fuel for a historically expensive stock market that had already priced in additional rate cuts.
The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.
The Consumer Price Index is the most commonly used measure of inflation in the United States. The CPI for all items increased ...
A history-making raise may be on the way for Social Security beneficiaries next year -- but this is far from the full story.
The average monthly benefit for retired workers is projected to rise from $2,081.16 to $2,162.33, based on April 2026 figures ...
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.