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.
Real PCE growth beats expectations, inflation slows, supporting a bullish outlook for equities and bonds. Click for more.
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Slightly lower Canadian and U.S. futures indicate a subdued start for the Canadian market Friday morning, but investors are likely to ...
The core PCE Price Index is projected to rise by 0.2% in August compared to the previous month, aligning with July’s figures.
In August, the headline personal consumption expenditures price index rose 2.2 per cent on an annual basis, slightly below ...
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