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Ahead of Friday's PCE release, Federal Reserve Chair Jerome Powell noted recent inflation data "[adds] somewhat to confidence" inflation is moving toward the Fed's 2% target. The Fed's next ...
Including the volatile food and energy category, PCE inflation was at 2.7% on an annual basis and 0.3% from a month ago. Those numbers were in line with forecasts. ... Friday’s release included ...
The Fed's preferred inflation gauge has moved below 3% for the first time since March 2021, before the start of the central bank's rate-hiking campaign.. The Personal Consumption Expenditures (PCE ...
Following the PPI data, economists lowered their estimates for so-called core PCE inflation to 0.13% from 0.2% on Wednesday after the CPI report. ... The core PCE inflation is one of the measures ...
The PCE price index (PePP), also referred to as the PCE deflator, PCE price deflator, or the Implicit Price Deflator for Personal Consumption Expenditures (IPD for PCE) by the Bureau of Economic Analysis (BEA) and as the Chain-type Price Index for Personal Consumption Expenditures (CTPIPCE) by the Federal Open Market Committee (FOMC), is a United States-wide indicator of the average increase ...
"Core" Personal Consumption Expenditures (PCE) Index, which excludes the volatile food and energy categories, showed prices rose 0.3% in September and 3.7% from the prior year, data released by ...
With the Fed’s favored inflation gauge — core PCE inflation — likely falling below 2.5% in the spring, we expected the first Fed rate cut in June 2024." ... release, markets had upped bets ...
The May PCE report is the latest update on inflation as investors ponder when the Federal Reserve will cut interest rates. Fed's preferred inflation gauge shows prices rose at slowest pace since ...