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"With the trend in inflation still downward, gradual rate cuts this year are still on the table." Headline PCE, which includes all categories, logged a 2.4% increase over last year, a slowdown ...
Headline PCE showed prices for goods were flat in December, while prices for services rose by 3.8% from a year ago. Food prices were up 1.6% last month when compared with a year ago, while energy ...
US PCE inflation cools in November. December 20, 2024 at 9:07 AM. ... The increase in the annual inflation rate was partly due to last year's low readings dropping out of the calculation.
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 ...
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 ...
Anticipating the December PCE inflation data earlier this week, Fed Chair Jerome Powell noted that the Fed would need to see more progress on inflation coming down before moving again on rates and ...
September's annual rise in "core" PCE was the smallest since May 2021 and marks the third-straight month prices have increased at a slower annual rate. Core PCE is the inflation measurement ...
When food and gas prices are added back in, PCE rose 2.2% in August — just two-tenths away from the Fed’s 2% inflation target. That was lower than estimates of 2.3% and down from 2.5% in July.