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Why did US inflation post its biggest jump since April?
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Subscribe03 FEB 2025 / ECONOMY
The core Personal Consumption Expenditures (PCE) index, the Federal Reserve's key inflation gauge, rose by 0.3% in December, its largest increase since April, and experienced a year-on-year inflation advancement of 2.6%, marking its biggest gain in seven months. Factors like rising wages, housing costs, and resilient consumer spending, along with the Federal Reserve's slow return to the target rate due to uncertainties and a revived economic agenda under the returning Trump administration indicate that businesses need to stay prepared for rising costs and fluctuations in fiscal policy, making the coming months crucial for inflation's trajectory.
If you've been keeping tabs on inflation, the latest numbers might be giving you whiplash. The Federal Reserve’s key inflation gauge—the core Personal Consumption Expenditures (PCE) index—rose by 0.3% in December, marking its largest increase since A...
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