The Federal Reserve is meeting this week to decide on its latest interest rate hike, and one of the big questions going into the meeting is how the nation's top bankers are thinking about inflation.
The latest numbers from the personal consumption expenditure (PCE) index, which is the Fed's preferred measure, show prices increasing 0.1 percent month-over-month in December.
This compares to the latest consumer price index, which showed prices falling 0.1 percent.
Excluding volatile energy and food prices, the PCE measure is up at a slightly higher rate of 0.3 percent — though the index overall is at a 15-month low.
"It all adds up to a real break for consumers, real breathing room for families, and more proof that my economic plan is working," said President Joe Biden earlier this month.
Yet whether or not the recent price moderation is enough for the Fed to go ahead with a 25-basis-point rate hike as expected won't be clear until the FOMC meeting on Wednesday.
AutoStore’s CPO Parth Joshi explains its new AI software layer designed to optimize warehouse robots in real time and unlock smarter, more efficient fulfillment
ROC CEO B. Scott Swann joins us live from the NYSE to discuss the company's IPO and how VisionAI is transforming facial recognition for defense and security.
If you asked anyone in 2007 what a “subprime mortgage” was, they wouldn’t have any idea. So here’s a question for you: Do you know what the private credit
Matternet founder and CEO Andreas Raptopoulos on the state of drone delivery in the U.S. and what it will take to make aerial delivery a mainstream reality.
Fintech pioneer Tom Sosnoff discusses the evolution of retail investing, the rise of AI, and his new platform Lossdog aimed at the next generation of trading.
