The decline in the personal consumption expenditures index from 2.6% the month before was in line with expectations.

Employee recruitment and retention is on the minds of many in the franchisor community, with the majority citing hiring as a ...

Vital Farms stock rose Friday after the premium egg producer reported fourth quarter results and delivered an update on the bird flu-caused egg shortages.

Spending fell 0.2% for the month. Adjusted for inflation, it sank 0.5%. Those are the biggest monthly declines since February 2021.

Inflation dropped slightly in January but consumer spending, the primary driver of the U.S. economy, also saw its biggest decline in four years.

U.S. consumer spending fell for the first time in nearly two years in January and the goods trade deficit widened to a record ...

CDs offer terms ranging from just a few months to multiple years. The rate you earn, known as annual percentage yield (APY), ...

Federal Reserve Bank of Chicago President Austan Goolsbee lauded the recent increase in productivity growth, but warned that ...

Key Takeaways Inflation cooled in January, according to Personal Consumption Expenditures, the Federal Reserve's preferred ...

Thomas Ryan, an economist at Capital Economics, attributed the decline in part to “unseasonably severe winter weather,” but ...

Excluding food and energy, the core PCE index—a key measure for Fed officials—also increased 0.3% monthly, bringing its ...

Excluding food and energy, the core PCE also rose 0.3% for the month and was at 2.6% annually. Fed officials more closely follow the core measure as a better indicator of longer-term trends. The ...