Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected
- The Personal Consumption Expenditures price index rose 0.3% in August and 3.4% from a year earlier, according to the Bureau of Economic Analysis.
- Core PCE inflation, excluding food and energy, increased 0.2% in August and reached 3.0% annually, below economists’ expectations.
- The Federal Reserve uses the PCE index as its primary inflation gauge when considering interest-rate decisions.
- Inflation-Adjusted consumer spending increased 0.6% in August, while the personal saving rate fell to 4.1%.
190 Articles
190 Articles
The Dow Jones lost 0.86% and the expanded S&P 500 index fell by 0.25%. Only the Nasdaq index finished in the green (+0.24%). According to the PCE index published on Wednesday, prices rose by 3.4% over a year in the United States in August. The market was down by 3.7%. At the same time, US economic growth in the second quarter was significantly revalued upwards (+2.2% annualized, compared to +1.5% previously reported). "These reports have strengt…
Mixed trends prevailed on the New York Stock Exchange. In the wake of the publication of new data on the course of inflation in the US, which strengthened investor forecasts that the US central bank (Fed) will not raise interest rates in October. The Dow Jones industrial average closed down 443.87 points (-0.86%), at 50,906.05 points. The Nasdaq index, dominated by technology companies, closed up 65.52 points (+0.24%), at 26,861.06 points. The b…
Cooling Inflation Report Hands GOP a Massive Pre-Election Weapon
Cooling Inflation Report Hands GOP A Massive Midterms Weapon Republicans heading into the midterms just caught their biggest break of the campaign cycle, and they should be “absolutely overjoyed.” That is the verdict from news analyst Tony Katz after the latest Personal Consumption Expenditures (PCE) price index arrived at 0.3% for the month—with core […]
Oskaloosa Herald
The Northern Virginia DailyWall Street swirls after data show inflation isn't as bad as thought, while the US economy is better
The U.S. stock market is recovering its losses for September and on track to finish the month with a small gain after an encouraging report said inflation wasn’t as bad across the United States last month as economists expected. But…
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