The Federal Reserve's preferred inflation gauge showed prices rose as expected in December, and it remains above the central bank's target level amid its ongoing efforts to wrestle down inflation.

The latest reading of the Federal Reserve's preferred inflation gauge showed prices increased in line with expectations in December as inflation remained above the Fed's 2% target. The "core ...

The Federal Reserve’s preferred inflation gauge moved even higher in December, driven largely by rising energy prices as well as food. However, a closely watched measurement of underlying ...

The PCE is a key metric the Federal Reserve uses in determining a key lending rate. Inflation continues to rise from the Fed's long-term target of two percent. This is the third month in a row ...

Federal Reserve Bank of New York President John Williams said he anticipates inflation will continue to slow toward the central bank’s 2% goal, but warned policy-related uncertainty clouds the ...

Federal Reserve Chair ... “Last year, inflation was 2.6% — so great progress — but we’re not quite there yet,” Powell said, referencing a different inflation gauge than the consumer ...

The expected inflation rate remains above the Fed's 2% target, and Bowman noted that the current 4% unemployment rate is ...

(Bloomberg) -- Bond investors are betting that the Federal Reserve ... Treasuries and inflation-linked bonds, reached 2.64% Monday, 27 basis points higher than the 30-year gauge, and marking ...

Underlying US inflation last month rose by the most since March, diminishing chances the Federal Reserve will lower interest ... Economists see the core gauge as a better indicator of the ...

Bond investors are betting that the Federal Reserve will have to contend ... yield differences between Treasuries and inflation-linked bonds, reached 2.64% Monday, 27 basis points higher than the ...