by John Carney
Breitbart.com

Inflation Is Rising Again

The acceleration of inflation since the Federal Reserve cut interest rates in September suggests that the move was a mistake.

The personal consumption expenditure (PCE) index rose 2.3 percent over the 12 months through October, the Bureau of Economic Analysis said on Wednesday, up from 2.1 percent through September. Core PCE prices, a measure that excludes food and energy, rose 2.8 percent, the biggest year-over-year increase since April.

The month-to-month inflation figures do not look alarming until they are annualized. The 0.2 percent monthly gain in headline PCE inflation annualizes to 2.9 percent, meaning that would be the rate of inflation if it continued to run at this pace for a year. That’s a big increase from the 2.1 percent one-month annualized pace recorded in September and a long way from the Fed’s two percent target.

Continue Reading at Breitbart.com…

from CNBC Television

from Kitco

Nov 27 (Reuters) – Gold rose on Wednesday, rebounding from an over one-week low hit in the previous session, on a weaker dollar, but trimmed earlier gains after data showed stalled inflation progress, hinting that the U.S. Federal Reserve might be cautious on further rate cuts.

Spot gold was up 0.3% at $2,638.90 per ounce, as of 01:41 p.m. ET (1841 GMT). U.S. gold futures settled 0.7% higher at $2,639.90.

U.S. markets to be closed on Thursday in observance of the Thanksgiving holiday.

U.S. consumer spending increased solidly in October, but progress lowering inflation appears to have stalled in the past months.

Continue Reading at Kitco.com…

from FOX 4 Now

Core inflation climbed to a multi-month high as expected in October, according to data released Tuesday morning, as questions swirl about the sticky price increases for American consumer with the potential inflationary effects of the tariffs backed by President-elect Donald Trump ahead.

by Derek Saul
Forbes

[…] Surprising Fact

Though the core PCE metric is about half of its 2022 peak of 5.6%, it’s still higher than it was for all of 1994 to 2020, evidence of the yearslong price increases coming out of the depths of the COVID-19 pandemic.

Key Background

The PCE index tracks how much Americans actually spend on goods and services in a given month.

Continue Reading at Forbes.com…

from Yahoo Finance

The personal consumption expenditures price index increased 0.2% on the month and showed a 12-month inflation rate of 2.3%, both in line with expectations.

by Jeff Cox
CNBC.com

Inflation edged higher in October as the Federal Reserve is looking for clues on how much it should lower interest rates, the Commerce Department reported Wednesday.

The personal consumption expenditures price index, a broad measure the Fed prefers as its inflation gauge, increased 0.2% on the month and showed a 12-month inflation rate of 2.3%. Both were in line with the Dow Jones consensus forecast, though the annual rate was higher than the 2.1% level in September.

Excluding food and energy, core inflation showed even stronger readings, with the increase at 0.3% on a monthly basis and an annual reading of 2.8%. Both also met expectations. The annual rate was 0.1 percentage point above the prior month.

Continue Reading at CNBC.com…

from Reuters

by Josh Schafer
Yahoo! Finance

The latest reading of the Federal Reserve’s preferred inflation gauge showed price increases were flat in October from the prior month, raising questions over whether progress in getting to the central bank’s 2% goal has stalled.

The core Personal Consumption Expenditures (PCE) index, which strips out food and energy costs and is closely watched by the central bank, rose 0.3% from the prior month during October, in line with Wall Street’s expectations for 0.3% and the reading from September.

Over the prior year, core prices rose 2.8%, in line with Wall Street’s expectations and above the 2.7% seen in September. On a yearly basis, overall PCE increased 2.3%, a pickup from the 2.1% seen in September.

Continue Reading at Finance.Yahoo.com…

from Value Investing with Sven Carlin, Ph.D.

by Janna Herron
Yahoo! Finance

Count your blessings: Thanksgiving dinner is cheaper again this season.

That marks the second year in a row the price of the meal retreated from its 2022 high. The average cost is $58.08 for 10 people, according to the American Farm Bureau Federation’s (AFBF) study, which dates back 39 years. The total price is down 5% from last year and is 4.5% lower than in 2022, when the supper commemorating the 1621 harvest feast with the Pilgrims and the Wampanoag people soared to a peak of $64.02.

The survey’s cornucopia of goods includes turkey, stuffing, sweet potatoes, rolls, peas, cranberries, a veggie tray, and pumpkin pie with whipped cream. AFBF’s expanded menu — which also consists of boneless ham, russet potatoes, and frozen green beans — increases the overall cost by $19.26.

Continue Reading at Finance.Yahoo.com…

from Bloomberg Podcasts

by Chris Waltzek
GoldSeek

David Haggith, head of The Daily Doom, rejoins the show with gold roaring back to near bull market highs this week. In this weekly wrap-up, David reviews the charts with key insights on the economic data.

– David reviews the inflation data.

I’m not really sure what to attribute that much movement to, in terms of the exact trigger. There’s an awful lot going on now with the bond market, with inflation bouncing around, and with wars. My focus, like you say, has been more on the inflation side with the PCE, where I’ve been saying, I was saying last year that we were going to see a rise in inflation. This year, we got it immediately when the year started for the first three months, and even the Fed had to acknowledge it.

And then, when it kind of tapered back off and everybody was saying, ‘Okay, we’re done with it,’ I said, ‘No, we’re not.’ And it’s going to come back again and now, we are towards the end of summer—and here we are, end of summer—it’s coming back again. If you look at the PCE and you look particularly, or look also at producer inflation as well, we saw that, no, it’s not over, it’s coming back…and it keeps coming back stronger and stronger each of the last couple of months and I think that’s what I expected to see.

Continue Reading at GoldSeek.com…

from Wealthion

Plus: Are tariffs inflationary, RIP to a giant of the free market movement, and more…

by Eric Boehm
Reason.com

Okay, so we’re doing this. President-elect Donald Trump says in no uncertain terms that he’ll seek to raise taxes on imports immediately after taking the oath of office.

“On January 20, as one of my many first executive orders, I will sign all necessary documents to charge Mexico and Canada a 25% tariff on ALL products coming into the United States,” Trump posted Monday night on Truth Social.

In the statement, Trump said the tariffs would be issued in response to “thousands of people…pouring through” the border from America’s two neighbors, and that the tariffs would remain in effect until Mexico and Canada take steps to stop the flow of drugs and migrants. “Until such time as they do, it’s time for them to pay a very big price,” Trump concluded.

Continue Reading at Reason.com…

from Campus Reform

by Christy Bieber
CBS News

Borrowing against the equity in your home has long been an affordable way to access funds. However, home equity loans and home equity lines of credit (HELOCs) became more expensive over the past several years as inflation surged in the post-pandemic era.

As inflation began to cool in 2024, those hoping to get a loan against their equity saw signs of potential relief in the interest rate forecast. Unfortunately, this was short-lived as inflation began to tick back up and home equity and HELOC loan rates once again began to climb.

With inflation rising slightly in October, many homeowners are left wondering if a HELOC makes sense during these turbulent economic times — especially since, unlike a home equity loan, HELOCs have variable interest rates.

Continue Reading at CSBNews.com…

from KXII-TV News 12 | Texoma

WASHINGTON (AP) — With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves.

by Christopher Rugaber
Times-Colonist

WASHINGTON (AP) — With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves.

Even if inflation continued declining to the Fed’s 2% target, officials said, “it would likely be appropriate to move gradually” in lowering rates, according to minutes of the November 6-7 meeting.

The minutes don’t specifically provide much guidance about what the Fed will do at its next meeting Dec. 17-18. Wall Street investors see the odds of another quarter-point reduction in the Fed’s key rate at that meeting as nearly even, according to CME Fedwatch. Most economists think officials will probably cut rates next month for the third time this year, but could then skip cutting at following meetings.

Continue Reading at TimesColonist.com…

from Miles Franklin