PCE inflation August 2024: Prices rise 2.2%, less than expected
WEB2 days ago · The PCE price index, a measure the Fed focuses on to measure the cost of goods and services in the U.S. economy, rose 0.1% for the month, putting the 12-month inflation rate at 2.2%....
A dual win for consumers: Inflation cooled last month, paving way …
WEB2 days ago · The Fed’s favorite inflation gauge, the Personal Consumption Expenditures price index, showed consumers paid 2.2% more for goods and services for the year ended in August, versus 2.5% in July....
Key U.S. inflation gauge shows prices cooled in August ... - CBS News
WEB2 days ago · The PCE index tries to account for changes in how people shop when inflation jumps. It can capture, for example, when consumers switch from pricier national brands to cheaper store brands. In...
The Fed’s Preferred Inflation Gauge Cooled in August
WEB2 days ago · Sept. 27, 2024, 8:43 a.m. ET. Inflation cooled in August, the latest sign of progress in the Federal Reserve’s yearslong fight to bring rapid price increases back under control. The Personal...
Personal Income and Outlays, August 2024
WEB2 days ago · Disposable personal income (DPI), personal income less personal current taxes, increased $34.2 billion (0.2 percent) and personal consumption expenditures (PCE) increased $47.2 billion (0.2 percent).
Personal Consumption Expenditures Price Index
WEB2 days ago · The PCE price index, released each month in the Personal Income and Outlays report, reflects changes in the prices of goods and services purchased by consumers in the United States. Quarterly and annual data are included in the GDP release.
The Fed’s Preferred Inflation Gauge Stays Cool, Keeping a Rate Cut ...
WEBAug 30, 2024 · Inflation held steady in July on a yearly basis and consumer spending was robust, fresh data released on Friday showed, the latest sign that progress toward cooler price increases remains firmly...
PCE inflation July 2024: Fed’s favorite inflation indicator increased …
WEBAug 30, 2024 · The PCE price index was expected to rise 0.2% in July and 2.5% from a year ago, according to the Dow Jones consensus.
Latest inflation data gives a ‘bright green light’ for a rate cut
WEBAug 30, 2024 · Consensus expectations were for PCE to rise by 0.2% for the month and 2.6% for the year. Even though the annual rates held unchanged from what was seen in June, the progress is apparent, said...
Inflation is inching closer toward the Fed’s 2% target
WEBJul 26, 2024 · The Personal Consumption Expenditures price index — a closely watched inflation gauge that the Federal Reserve uses for its 2% target — slowed to 2.5% for the 12 months ended in June from 2.6%...