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Inflation Remains Stubbornly High as Fed’s Preferred Gauge Rises 2.5 Percent

Prices rose again in February, casting further doubt on previous predictions that inflation would continue to fall in 2024. of personal consumption expenditure The PCE price index rose 2.5% in the 12 months through February, outpacing the 12-month inflation rate of 2.4% recorded in the previous month, the Commerce Department said Friday. This is the […]

PCE inflation rises for the first time since September

Personal consumption expenditures price index inflation, one of the Federal Reserve‘s preferred gauges of price instability, has risen for the first time since September of last year, another damning contradiction of the White House’s assertion that President Joe Biden has tamed the worst inflationary crisis in 40 years. Headline PCE inflation rose by 2.5% in […]

Final fourth quarter GDP revised upwards as consumer spending rises

Increased consumer spending boosted U.S. economic growth in the fourth quarter. (iStock) Third and final estimate of real gross domestic product (GDP). 4th quarter of 2023 The Bureau of Economic Analysis (BEA) showed the U.S. economy grew at an annual rate of 3.4%, which was revised upward. The figure was slightly higher than BEA’s second […]

Moscow concert death toll rises to 139: Russian official

The death toll from the terrorist attack at a Moscow concert hall rose to 139 on Monday, Russian officials announced. The death toll has risen rapidly since Friday’s attack, when gunmen opened fire on a crowd at a concert hall on the outskirts of Moscow and set fire to the building. The head of the […]

Death toll rises to 115 in Moscow terror attack, 11 suspects arrested

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US homebuilder sentiment unexpectedly rises to highest level since July

Payne Capital Management President Ryan Payne weighed in on the U.S. economy, arguing that Americans’ purchasing power will continue to “strengthen.” Builder confidence in the U.S. housing market jumped into surprising positive territory this month, jumping to its highest level since July, as more home buyers are attracted to new construction amid a continuing shortage […]