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An update on the inflation story will come on Friday with the release of the PCE index for December. ... Weekly calendar Monday. Economic data: Leading ... 0.2% previously); PCE inflation, month ...
Economists expect annual inflation according to the Fed's preferred inflation gauge — "core" PCE — clocked in at 3.5% in October. Over the prior month, economists expect "core" PCE rose 0.2%.
A blowout earnings report from AI darling Nvidia sent stocks to record highs last week.New inflation data will test that rally in the coming days. The S&P 500 and Dow Jones ended the week up about ...
Consensus economists expect the PCE to post another monthly climb of 0.9% in March, according to Bloomberg data, This would mark the 16th consecutive monthly increase and bring the index up by 6.7 ...
The core PCE index — the Fed's preferred gauge of underlying inflation stripping out volatile food and energy prices — likely also ramped compared to December's index.
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 ...
The Commerce Department also reported on Friday that in the year through November, the PCE price index advanced 2.4% after rising 2.3% in October. Excluding the volatile food and energy components ...
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 ...