PCE report for August: Inflation slows with core running below forecast
Inflation eased again in August and moved close to the Fed's 2% annual target, the PCE index revealed. The benign inflation reading in August stemmed largely from the falling price of goods such as gas, autos and electronics. The cost of goods fell 0.2% in August and prices are down about 1% compared to a year ago.
Inflation pressures are easing, and that's clearing the way for more Fed rate cuts over the final months of the year.
Slowing inflation in August buttressed arguments Federal Reserve officials used in defense of their decision to lower ...
U.S. Treasury yields were down Friday, as investors assessed the latest reading on U.S. inflation from the Federal Reserve’s preferred gauge. The yield on the 10-year Treasury note was down about 4 ...
Bitcoin peaked around $66,500 on Friday just before noon, before paring gains and holding around $66,000. The leading cryptocurrency has not reached such a high since late July. Ethereum also soared ...
BTC’s $70k price target could soon become feasible. Bitcoin (BTC) edged higher and retested $66k on Friday following a ...
U.S. stock index futures surged on Friday following an inflation report that indicated easing inflation in the economy. The ...
NEW YORK (Reuters) -Treasury yields and the dollar fell while the Dow registered a record closing high on Friday as a subdued ...
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