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Over the prior year, core prices rose 2.8%, in line with Wall Street's expectations and unchanged from November. On a yearly basis, overall PCE increased 2.6%, a pickup from the 2.4% seen in November.
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 ...
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 ...
The latest reading of the Fed's preferred inflation gauge showed prices increased slightly more than expected in June. The core Personal Consumption Expenditures (PCE) index, which strips out the ...
In corporate news, quarterly results from Zoom , Dell , Best Buy ... +2.8% prior); Core PCE Price Index quart-over-quarter, ... Read the latest financial and business news from Yahoo Finance.
The core Personal Consumption Expenditures (PCE) index, which strips out the cost of food and energy and is closely watched by the Federal Reserve, rose 2.8% over the prior year in January, the ...
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 ...
Inflation data released on Friday showed the personal consumption expenditures price index rose at a 2.7% annual rate in April, matching the gain in March. The Fed uses PCE inflation to set its 2% ...