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Inflation swamps income gains as Fed eyes rate hike, but S&P 500 rises (live coverage)
Core inflation still hit the highest level since late 2023.
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 new CPI report showed inflation in April surged to the highest rate since 2023.
April PCE inflation hit 3.8% YoY, the highest since May 2023, pushing crypto markets into a higher-for-longer Fed stance.
Inflation rose 3.8% over 12 months in April, the highest since May 2023 and in line with forecasts. The Iran war has sent gas prices soaring, pushing up the overall inflation rate. "Core" inflation ...
US CPI inflation surged to 3.8% in April 2026, the highest since May 2023, as energy and food costs spiked. Bitcoin held ...
The Consumer Price Index is the most commonly used measure of inflation in the United States. The CPI for all items increased ...
The policy worked because the CPI gradually moved closer to 2% in the years that followed, and the Fed has now cut interest ...
Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Fed ...
Take A Number: A Striking Figure In Economic News Today Economists expect inflation to rise to 6% in the second quarter, doubling earlier forecasts. Rising oil prices, driven by the Strait of Hormuz ...
A third consecutive interest rate hike is all but “locked in”, a former Reserve Bank assistant governor has predicted, as surging oil prices pushed inflation to its worst figure since 2023.
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