11:09 AM EST, 02/28/2025 (MT Newswires) -- The Kansas City Federal Reserve's monthly composite services index rebounded to a reading of 2 in February after falling to minus 4 in January, suggesting a return to expansion. A reading above zero indicates growth. The index is in line with the Richmond Fed and Dallas Fed indexes but in contrast with the...

(Reuters) - The Federal Reserve could restart cuts to short-term borrowing rates in June and follow up with another reduction in September, traders bet on Friday, after data showed inflation edged down in January in line with expectations. The 12-month change in the personal consumption expenditures price index, which the Fed targets at 2%, ticked down to 2.5% last month...

10:42 AM EST, 02/28/2025 (MT Newswires) -- Consumer spending unexpectedly declined last month, while the Federal Reserve's preferred inflation metric decelerated at the annual level, government data showed Friday. Personal consumption expenditures decreased 0.2% in January following a 0.8% gain the month before, the Bureau of Economic Analysis said in a report. The Bloomberg-polled consensus called for a slowdown in...

09:50 AM EST, 02/28/2025 (MT Newswires) -- The Institute for Supply Management's Chicago PMI reading rose to 45.5 in February from 39.5 in January, above the expected 40.8 print in a survey compiled by Bloomberg as of 7:35 am ET. The index still indicates contraction, which is in line with the Kansas City and Dallas Fed readings but in contrast...