Americans ramped up their spending in August; however, their costs of living were on the rise as food and other goods became ...
Economists had expected a slight increase in inflation, but consumer spending came in a little stronger than forecast.
The Fed’s preferred inflation gauge, the core PCE price index, rose 2.9% year-over-year in August, the highest level since ...
Inflation picked up in line with economists’ expectations in August, leaving an opening for a possible interest rate cut in ...
Core PCE rose 2.9% on an annual basis in August, slightly higher than the prior month and in line with economists' expectations.
The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, ...
Personal income, which rose $95.7B in August was overtaken by consumer spending, which jumped $129.2B, pushing the saving rate to 4.6% amid steady inflation and higher wages.
In the 12 months through August, PCE inflation increased 2.7% after climbing 2.6% in July. Stripping out the volatile food and energy components, the so-called core PCE Price Index increased 0.2% last ...
Producers of metals and other raw materials rose after inflation data. The personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, rose in August, but not by as ...
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