Fed’s preferred inflation gauge hits 3-year high as gas prices spiked on Iran war
In the 12 months through March, PCE inflation shot up 3.5%, the biggest rise since May 2023 and above the Fed's 2% target.
Last updated: 2026-05-01 03:56:15 ET
In the 12 months through March, PCE inflation shot up 3.5%, the biggest rise since May 2023 and above the Fed's 2% target.
Housing starts, a gauge of new residential construction, rose 10.8% in March to 1.502 million.
U.S. stocks rose on Wednesday, following Tuesday’s lower close. Futures of the major benchmark indices were higher. Investors will be closely watchi...
Editor’s Note: The future prices of benchmark tracking ETFs, the lede, the economic data and the headline were updated in the story. The S&P 500 and...
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