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An update on the inflation story will come on Friday with the release of the PCE index for December. Economists expect annual "core" PCE — which excludes the volatile categories of food and ...
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 ...
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%.
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 ...
The core Personal Consumption Expenditures (PCE) index, which strips out food and energy costs and is closely watched by the central bank, rose 0.3% from the prior month during October, in line ...
The latest reading of the Federal Reserve's preferred inflation gauge showed prices increased in line with expectations in December as inflation remained above the Fed's 2% target.
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.