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On Friday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein reacted to the March PCE report that showed the yearly PCE inflation rate increasing with the annual core rate holding steady along with 0.3% monthly growth in both overall and core PCE, the same as it was in February by stating that “It was nice to hit the expectations number for the PCE, both headline and core, this morning.” And said that “we expect inflation to continue a bumpy path down towards target.”

Yet another inflation metric jumped in July, further debunking claims that inflation is in the rear-view mirror and reinforcing Federal Reserve Chairman Jerome Powell’s remarks earlier this month that additional interest rate hikes would be needed. The latest Personal Consumption Expenditures (PCE) price index print released Thursday was in-line with expectations which were higher than previous reads. Headline PCE inflation showed an increase of 3.3 percent year-over-year and Core PCE inflation — excluding volatile food and energy prices — increased 4.2 percent in the last year. Compared to the previous release, headline and core PCE inflation increased 3.0 percent and...

The core index of the Federal Reserve’s preferred measure of inflation went up in August, despite a historically aggressive campaign of interest rate hikes intended to slow it. The Personal Consumption Expenditures Price Index (PCE), which measures the value of goods and services purchased by “persons” residing in the U.S., was down slightly in August from 6.4% to 6.2% annually, but was higher than economists anticipated, according to CNBC. This decline was almost entirely off the back of falling energy prices, with so-called core PCE, which does not consider the more-volatile food and energy indices, increasing in August from 4.7%...

The price index tracking consumer spending — the PCE price index — was up 4.3% over the 12 months ending in August. That was a faster pace than July's 4.2%. Inflation continued to run at the fastest pace since January 1991. The PCE inflation gauge is one of many, and they're not all pointing in the same direction: The consumer price inflation index came off a 13-year high in August, for example. But the PCE index is the Federal Reserve's preferred measure of inflation. Although prices rose sharply, American incomes increased at only a modest pace, up 0.2% or $35.5...

Pce in Florida have arrested a man who live-streamed himself committing a series of crimes inside a Walgreens. On Wednesday, Ryan Greenlee assaulted a male clerk, became hostile toward sotre staff, and hit a newborn baby in the head with a box before claiming he “didn’t do nothing.” The perpetrator live-streamed the bizarre series of incidents on Facebook, starting from the moment he entered the Walgreens branch on Ulmerton Road in Largo, Florida. Once inside the store, Greenlee looked to purchase two packs of beef jerky and waved his money at the camera but it soon became clear he did...

Personal income rose a seasonally adjusted 0.1% last month, while consumer spending jumped 0.6%, the Commerce Department reported. Americans paid for goods and services — autos were a big seller last month — largely by drawing on their savings or taking on more debt. The personal savings rate fell from 4.1% to 3.6%, marking the lowest level since December 2007... ...Inflation, meanwhile, rose 0.2% in September based on the latest reading from the personal consumption expenditure price index. The PCE index has increased 2.9% over the past 12 months

Income fell a seasonally adjusted 0.1% in August, which was the first decline since October 2009... Consumer spending increased a seasonally adjusted 0.2% in August, down from a revised 0.7% gain in July...Economists surveyed by MarketWatch expected a flat reading in income and a 0.1% gain in spending... The core personal consumption expenditure price index was up 0.1% in August, below economist expectations of a 0.2% gain

WASHINGTON (Reuters) - U.S. consumer spending rose slightly more than expected in February for the eighth straight month of gains as households tapped their savings, government data showed on Monday, while inflation accelerated at its fastest pace since June 2009. The Commerce Department said spending rose 0.7 percent after an upwardly revised 0.3 percent gain in January. Economists polled by Reuters had expected spending, which accounts for about 70 percent of U.S. economic activity, to advance 0.6 percent in February after a previously reported 0.2 percent rise. Spending adjusted for inflation increased 0.3 percent last month after being flat the...

Sees sights after G.I. helped him get lifesaving surgery An Afghan boy brought to the U.S. last month for a heart operation after a soldier took up his cause came to New York yesterday to sightsee and show off the boundless energy of a typical 12-year-old. "Before, I cannot walk so much," Assadullah Khan said during the whirlwind trip with his father and interpreter to meet the "nice people" who helped save his life. "Now, I walk everywhere. I can walk and run." Until last month's operation to patch a hole in his heart, Assadullah could barely walk across a...