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.
Fed's Favorite Inflation Gauge: What to Expect From August PCE
The Federal Reserve's preferred inflation gauge is expected to show that price pressures continued to ease gradually in August. The personal-consumption expenditures price index, or PCE, tracks a broader range of outlays than the better-known consumer-price index.
This is an important step toward the Fed being able to claim ‘victory’ over inflation as price indexes continue to ease toward the US central bank’s overall target of 2% annual PCE inflation.
The Fed tends to favor the inflation gauge that the government issued Friday — the personal consumption expenditures price index — over the better-known consumer price index. The PCE index ...
Economists had forecast that the PCE index would rise 2.7%. When volatile food and energy costs are factored out, the Federal Reserve’s preferred measure of inflation increased 2.7% from one ...
Slowing inflation in August buttressed arguments Federal Reserve officials used in defense of their decision to lower ...
We expect US core PCE at a consensus 0.2% MoM today, which should endorse the Fed’s shift in focus from inflation to ...
NEW YORK (Reuters) -Treasury yields and the dollar fell while the Dow registered a record closing high on Friday as a subdued ...
Overnight saw a big move in Asia. In China, the rally continued in response to the stimulus package that so far has exceeded expectations. [The Hang Seng's 13% gain this week was the best since 1998.] ...
Follow along for live updates on stocks, bonds and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback