Fed's Preferred Measure of Inflation Dips to 3.4 Percent in August
6 Articles
6 Articles
Fed's preferred measure of inflation dips to 3.4 percent in August
The Federal Reserve’s preferred measure of inflation dipped in August, as multiple central bank officials have said future interest rate hikes could be on the horizon. The personal consumption expenditures (PCE) price index rose 0.3 percent from July to August and was up 3.4 percent year over year, according to data released Wednesday by the...
Fed's Preferred Inflation Gauge Misses Expectations; Goldman Drops October Rate-Hike Call
The Federal Reserve's preferred inflation gauge came in below market expectations, according to data released by the Bureau of Economic Analysis, prompting Goldman Sachs to withdraw its forecast for an October rate hike as traders reassessed the pace of monetary tightening heading into the final months of the year.Read more...
Fed’s Preferred Inflation Gauge Misses Expectations; Goldman Drops October Rate-Hike Call
The Federal Reserve's preferred inflation gauge came in below market expectations, according to data released by the Bureau of Economic Analysis, prompting Goldman Sachs to withdraw its forecast for an October rate hike as traders reassessed the pace of monetary tightening heading into the final...
(Dan Tri Newspaper) - Lower-than-expected US inflation in August eased pressure on the Fed to raise interest rates in October, but strong consumer spending still leaves open the possibility of monetary tightening later in the year.
If Americans' jaws tremble when they look at the price tags in the supermarket or at the gas station, there's nothing to be said for it. Prices are still rising sharply in the United States – and much faster than the Federal Reserve is comfortable with.
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