A key inflation measure was lower than expected in September, the Commerce Department said Friday in a report delayed by the government shutdown that gives a further green light for the Federal Reserve to lower interest rates. The core personal consumption expenditures price index, which excludes volatile food and energy prices, indicated a 0.2% monthly rise while the annual rate was 2.8%. Read more: cnb.cx/4azhmyD | CNBC
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A key inflation measure was lower than expected in September, the C…
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According to a Commerce Department report released Friday, personal income fell 0.4% in May, while spending fell 0.1%, both coming below expectations. Core inflation rose 2.7% in the month. Read more on the latest inflation and spending numbers: cnb.cx/3TRqB3v | CNBC
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According to a Commerce Department report released Friday…
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CNBC’s Megan Cassella reports on the Commerce Department announcing investigations into the national security effects of pharmaceutical and semiconductor imports. Watch more: cnb.cx/3GanHmZ | CNBC
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The U.S. economy grew at a much greater-than-expected pace in the third quarter, boosted by strong consumer spending, a delayed report released Tuesday showed. U.S. GDP, a sum of all goods and services produced in the sprawling U.S. economy, expanded by 4.3% in the July-September period, the Commerce Department said in its initial reading of third-quarter growth. CNBC's Rick Santelli breaks down the numbers. Read more: cnb.cx/4scydh7 | CNBC
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