Search results
Results from the WOW.Com Content Network
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 ...
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 ...
Monthly PCE, the Fed's preferred inflation gauge, is set for release on Thursday morning at 8:30 a.m. ET. Economists expect annual core PCE inflation to have clocked in at 3.5% in October.
First is the core PCE price index, the Fed’s favored inflation gauge, on Aug. 30. Then comes the August jobs report on Sept. 6, and finally, a last, pre-meeting snapshot of pricing pressures in ...
Other data from the August PCE release boosted different arguments Fed officials made in the wake of last week's meeting, with aspects of housing, for example, increasing at less than a 5% annual ...
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 ...
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.
The odds of a bigger cut rose slightly to 54% following the release of the PCE data. ... "Although the Fed cannot declare complete victory on inflation, today's report — with 2.2% on the year ...