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WASHINGTON, May 27 (Xinhua) -- U.S. personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, surged 6.3 percent in April over the past year, the Commerce Department reported on Friday.
An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, the first slowdown since November 2020 and a sign that high prices may finally be moderating, at least for now.
An index closely followed by economists and investors climbed 6.3 percent last month from a year ago.
U.S. jobless claims rise for third straight week amid tight labor market-
Initial jobless claims in the US last week rose for the third straight week amid a tight labor market, reaching 218,000, the US Labor Department reported.In the week ending May 14, the number of Americans filing for unemployment benefits ...