Fed’s Favored Inflation Gauge, PCE, Rose
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The August personal consumption expenditures price index data is out.
A key measure of inflation rose at a slightly elevated pace in August, but not enough to suggest much bigger increases tied to U.S. tariffs are on the way.
Markets eye Friday’s PCE report as inflation surprise risk grows. Traders reassess Fed rate cut bets after strong U.S. jobs and GDP data.
Inflation picked up in line with economists’ expectations in August, leaving an opening for a possible interest rate cut in October by the Federal Reserve. The core personal consumption expenditures price index,
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PCE Inflation Data In Line, Bolsters Fed Rate Cut Outlook (Live Coverage)
The Federal Reserve's primary inflation rate, the core PCE price index, is expected to hold steady for August.
Breaking: US core PCE rises by 2.9% YoY in August, up 0.2% MoM. The report broadly meets expectations with PCE numbers all meeting consensus, while personal income and spending came in marginally higher.
The bad news from Friday's PCE index for August was that core inflation remained stuck near a 3% annual pace, according to Omair Sharif, founder of the research and analysis firm Inflation Insights. "