PCE – One America News Network

WASHINGTON, DC - MARCH 14: Prices for gas at an Exxon gas station on Capitol Hill are seen March 14, 2022 in Washington, DC. The cost of gasoline continues to rise across the globe and in the United States due to the Russian invasion of Ukraine and continued inflation associated with the global pandemic. (Photo by Win McNamee/Getty Images)

Inflation Rises In December And What The Fed May Do With Rates

OAN’s Alicia Summers5:00 PM – Friday, January 31, 2025 December’s Personal Consumption Expenditures (PCE), the Federal Reserve’s preferred inflation measure, showed a 0.3%…

The Federal Reserve building in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts//File Photo

Fed is predicted to deliver three quarter-point rate cuts this year: Reuters poll

The U.S. Federal Reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024.

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 24, 2024. REUTERS/Brendan McDermid/File Photo

Wall Street mixed as investors weigh GDP data after tech mauling

Data showed the U.S. economy expanded 2.8% in the second quarter versus estimates of 2%, but inflation subsided, leaving intact expectations of a September rate cut.

A man arranges produce at Best World Supermarket in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. REUTERS/Sarah Silbiger/File Photo

US inflation ebbs in May as goods prices fall

U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months.