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The odds of a bigger cut rose slightly to 54% following the release of the PCE data. The consensus among Fed officials outlined last week is for two more 25 basis point rate cuts in 2024.
July 15, 2024 at 1:13 AM. ... Expenditures price index, used by the Fed to set its inflation target, fell below 2.5% in June from 2.6% in May. PCE data for June will be released on July 26.
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 ...
Economists expect initial jobless claims to come in at 215,000, and third-quarter GDP growth to be 2.8%, while PCE inflation data is expected to be the same as last month at 0.2% on a month-over ...
A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
This system regroups commodity indexes to create aggregate PPIs according to the type of buyer and the amount of physical processing or assembly products have undergone. The FD-ID system replaced the PPI "stage-of-processing" (SOP) system as PPI's primary aggregation model with the release of data for January 2014.
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 ...
The following is a list of albums, EPs, and mixtapes released in or scheduled for release in 2024. These albums are (1) original, i.e. excluding reissues , remasters , and compilations of previously released recordings, and (2) notable , defined as having received significant coverage from reliable sources independent of the subject.