May Inflation Rise The personal consumption expenditures price index (PCE), the Federal Reserve’s primary price gauge, rose to its highest level since 2023, reinforcing the central bank’s recent tough talk on inflation. The “all items” PCE rose at a seasonally adjusted 4.1% annual rate, the highest since April 2023. Excluding food and energy, the PCE […]
Read MoreTag: Consumer Trends
ByTheNumber$ – April 16th, 2026
Underlying Inflation While headline inflation numbers looked scary in March due to energy and tariffs, Federal Reserve Governor Waller noted in a mid-April speech that “underlying inflation”—when you strip out the temporary effects of tariffs—is running very close to the 2.0% target. This suggests that once the current geopolitical and trade shocks settle, the core […]
Read More