Inflation held steady last month
Digest more
The Commerce Department on Friday released the January 2026 PCE inflation report, which showed the Federal Reserve's preferred inflation gauge remained stubbornly high for consumers.
There were some encouraging economic developments this week that millions of Americans likely warmly welcomed. The unemployment rate in January, for example, declined to 4.3% as employers added more than 100,000 jobs, a Wednesday report revealed.
The prices businesses pay to each other took a sharp turn higher in January, new data indicating that more tariff-related price increases could still be to come.
Gold is gaining safe-haven demand amid weak U.S. jobs data, rising oil prices, and geopolitical tensions, which are increasing market uncertainty and keeping prices supported above the key $5,000 level.
The January inflation reading offered encouraging signs for consumers and the U.S. economy, with the Consumer Price Index coming in below Wall Street expectations and falling to its lowest level in nine months. Although Americans continue to grapple with ...