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%.
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201 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…
US investors are eagerly looking at the consumer price index, which indicates a cooling inflation. Interest-rate fears are decreasing, especially tech-values are accounting for profits. However, rising bond yields provide a damper to the end of the day.
The Billings Gazette
S&P 500 dips, Nasdaq higher after data shows moderate inflation rise
NEW YORK — The Nasdaq climbed Wednesday and the S&P 500 dipped, but both indexes notched their second straight quarterly gains as a softer-than-anticipated inflation reading cooled expectations that Federal Reserve policymakers would hike rates in October.
S&P 500 falls 0.25%, Dow loses 444 points, while Nasdaq gains 0.24%; European stocks finish lower
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