February 2026 PCE: Fed’s favored inflation gauge remained stubbornly high

This story about the February 2026 PCE inflation is developing and will be updated with more details. The Federal Reserve’s preferred inflation gauge remained stubbornly high in February as consumers continued to face elevated price growth.The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.4% on a…

Mortgage rates fall for first time in weeks after US-Iran ceasefire

Mortgage rates fell this week after President Donald Trump announced a two-week ceasefire between the U.S. and Iran, mortgage buyer Freddie Mac said Thursday.Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage declined to 6.37% from last week’s reading of…

Coffee and ground beef prices surge most in 2 years, report finds

Americans are facing a tale of two grocery lists. While some prices are cooling, the items families rely on most for energy and nutrition — meat and coffee — are seeing sharp increases that wipe out any savings in the bread aisle.Fourteen of the 25 most common grocery store staples…

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FAA selects 8 proposals for eVTOL aircraft pilot program in 26 states

The Federal Aviation Administration (FAA) announced Monday that it selected eight proposals for a new pilot program testing new advanced air mobility and electric vertical takeoff and landing (eVTOL) aircraft in 26 states. Transportation Secretary Sean Duffy and the FAA unveiled the pilot program, known as the Advanced Air Mobility and…

Jobs market may determine if credit scores continue declining in 2026

A strong credit score can be the key to major financial purchases and affordable loans, but some states saw notable declines that created a “perfect storm” for Americans’ wallets, according to a credit repair expert. On Thursday, WalletHub released its list of the states with the largest credit score decreases,…

Oil prices ease after hitting highest level since 2022 amid Iran war

Oil prices briefly spiked to more than $100 a barrel on Monday amid the ongoing war in Iran, before falling sharply, underscoring how initial fears of supply disruptions eased as contingency plans emerged. Before the outbreak of war with Iran, oil was trading in the range of $60 to $70 a…

Tax-efficient Diversification Techniques | Fox Business

Investors are increasingly focused on not just how they invest their money but also how they can optimize their after-tax investment outcomes. Allspring Global Investments is dedicated to helping investors navigate the evolving tax and estate planning landscapes. Concentrated stock positions can create unwanted risk in investors’ portfolios. Despite the…

February 2026 PCE: Fed’s favored inflation gauge remained stubbornly high

High oil prices due to the Iran war are pushing gasoline prices higher and that could lead to grocery bills rising for American consumers. Oil prices surged in recent weeks after the outbreak of the Iran war, rising from the $60 to $70 a barrel range for most of February to…

Fed monitors Iran conflict impact on inflation as oil prices surge

Federal Reserve policymakers are monitoring the conflict with Iran for its potential impact on inflation and consumer prices, as energy prices have jumped since the outbreak of hostilities. Oil prices briefly surged over $100 a barrel amid fears of supply disruptions caused by the conflict with Iran, which threatens to stem…

Oil prices surge as G7 nations weigh reserve releases to ease gas price spike

The ongoing conflict in the Middle East has sent oil prices soaring and has prompted G7 leaders to consider the potential release of emergency oil reserves to provide relief to consumers facing higher gasoline prices. Gas prices have risen in response to the rapid increase in oil prices, with the national…

IRS proposes new rules for Trump Accounts savings program implementation

The IRS and Treasury Department on Friday put forward new proposed rules and processes that cover the implementation of Trump Accounts for parents and guardians who want to use the savings accounts for their children. Trump Accounts were created under the One Big Beautiful Bill Act that was enacted last year…

US reverses 5-year economic freedom decline with largest increase since 2001

The U.S. reversed a five-year decline in the Heritage Foundation’s Index of Economic Freedom with its biggest annual increase in the index in over two decades, FOX Business can exclusively reveal. America’s economic freedom score rose by 2.6 points from a year ago to 72.8, which ranks 22nd among the more…