Customers were shopping at a grocery store in Chicago, Illinois on January 15, 2025.
Scott Olson | Getty Picture News | Getty Image
The inflation rate is very large. According to one sentence, the price specifications of the Federal Reserve are much higher than the target of the central bank.
Personal consumption expenditure price index increased by 2.6 % a year, 0.2 percentage points higher than November, and complied with Dow Jones Jones estimation.
In addition to food and energy, the number of core PCE reading is 2.8 %, which also meets expectations and is the same as last month. Although the Fed believes these two readings, historical officials regard the core as a better measure of long -term inflation.
On each month, the title PCE rose 0.3 %, and the core also increased by 0.2 %, which also conforms to prediction.
The Fed’s annual inflation rate is 2 %, which is the level of price calculation since February 2021.
The report is two days since the central bank’s unanimously voting, in order to take a total of 4.25 % -4.5 % of its key interest rates, and has rest for a period of time after three consecutive reductions in the complete percentage point.
Michelle Bowman, governor of the Federal Reserve, said in a speech delivered on Friday morning that she expects the inflation rate to decline in 2025, but believes that the central bank should keep putting on hold until there are obvious signs.
Bowman said in the comments of Parksmouth’s business leader: “Before we make further adjustments to the scope of the goal, there are more work to make the inflation closer to Our 2 % goal “NH” I really hope that inflation will begin to decline again. By the end of the year, the inflation rate will be lower than the current position. “
The report on Friday also showed that due to predictions, personal income increased by 0.4 %, and expenditure rose 0.7 %, which was one -tenth of the percentage point of the estimated value.
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