Personal Consumption Expenditures index
Coverage of Personal Consumption Expenditures index in the Nexus archive.
- Fed’s Barkin warns of high inflation, but sees signs of relief
Federal Reserve Bank of Richmond President Tom Barkin warned that inflation remains high but noted tentative signs of moderation. He cited factors like the Iran-related oil price surge and AI infrastructure costs as contributors, while acknowledging falling gasoline prices and potential policy adjustments. Barkin emphasized the need for continued monitoring to address persistent inflationary pressures.
- Jim Cramer on inflation report: ‘These numbers are just bad’
CNBC host Jim Cramer criticized the latest inflation report, which showed a 0.7% increase in the Personal Consumption Expenditures (PCE) index from February to March, signaling economic challenges. The PCE index, a key U.S. inflation metric, reflects rising consumer goods and services prices.