The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.

Warsh is taking over as Fed chair as the U.S. faces the hottest inflation in years, impeding the interest rate cuts that President Trump has demanded.

New Fed Chair Kevin Warsh faces rising inflation expectations while pushing alternative metrics and AI productivity gains. Here's what it means for markets.

US inflation, measured by the Fed's preferred PCE index, jumped 3.8% in April, the highest year-on-year rate since 2023. Get the details on rising US infla

The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.

The Iran war’s oil price shock drove the Federal Reserve’s preferred inflation gauge to 3.8% last month, its highest rate in nearly three years, new data showed Thursday.

The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.

Inflation jumped to 3.8% in April, the highest since May 2023. Core inflation rose to 3.3%, the highest core number since November 2023.

Kevin Warsh advocates for alternative measures of underlying inflation, challenging the Federal Reserve's reliance on its standard 2% target gauge.