The Federal Reserve's preferred inflation gauge, known as the personal consumption expenditures index, rose in December in line with economists' expectations.

An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated, even as inflation is cooling in fits and starts.

Wall Street pointed higher early Friday as more strong earnings results trickled in along with a closely-watched report from the U.S. government showing that inflation ticked higher. Futures for the S&P 500 rose 0.

U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year.

Federal Reserve governor Michelle Bowman said she still expects declining inflation to allow further interest rate cuts this year, but feels rising wages, buoyant financial markets, geopolitical risks,

Even as economies shift after several years of aggressive salary growth combined with talent shortages, salary increases likely will continue to outpace inflation. Why?

Fresh tariffs amid high inflation are making the Fed’s job uniquely difficult and feeding uncertainty about what to expect for interest rates this year.

Dow, S&P 500, and Nasdaq futures are rising in premarket trading Friday as the stock market waits for news on President Donald Trump's threats to apply tariffs on Mexico, Canada, and China. Also PCE inflation data are due.

Tax cuts, deregulation, and protectionist policies, sounds like a deal for the domestic economy. But it could upset the balance of things.

Underlying inflation in Japan is still slightly below the central bank’s target of 2%, Bank of Japan Gov. Kazuo Ueda said, underlining that it is in no hurry to raise interest rates.

The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and President Trump's plans.