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%.
221 Articles
221 Articles
Bedford Gazette
Wall Street holds steadier following a potentially encouraging update on inflation
Some of the pressure that’s ballooned in the bond market is easing after a report said inflation across the United States wasn’t as bad last month as economists expected. The better-than-expected data helped some Treasury yields pull back a bit…
Five Questions DEMS Should Face In Light Of Latest Inflation Numbers
Latest inflation numbers dropped yesterday. They’re not only trending in the right direction, but beating expectations by a modest degree, too. Here’s the reporting. Judge for yourself: BREAKING: Core U.S. inflation came in at 3%, below expectations according to the Fed’s preferred inflation gauge. FOX Business called it “LESS INFLATION than we thought,” while CNBC described the reading as “MUCH lighter than expected.” That immediately puts the…
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…
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