August PCE: Key fed inflation gauge rose 2.2.% annually, beating expectations
Inflation continued to inch closer to the Federal Reserve benchmark target on Friday, falling to 2.2% year-to-year in August, beating Wall Street forecast.
The Fed’s Preferred Inflation Gauge Cooled in August
Inflation has been slowing for months, which has paved the way for Federal Reserve interest rates cuts. Inflation cooled in August, the latest sign of progress in the Federal Reserve’s yearslong fight to bring rapid price increases back under control.
PCE report for August: Inflation data in the spotlight after Fed's half-point rate cut
The Fed's preferred inflation measure, the personal consumption expenditure price index, is set for release at 8:30 a.m. Eastern. It's expected to show prices rose 0.1% in August, or by 0.2% when excluding food and energy, according to a Wall Street Journal poll.
ECB Says Consumer Inflation Expectations Dipped in August
Inflation expectations of consumers in the euro area decreased in August, according to the European Central Bank — bolstering the growing case for another reduction in interest rates next month.
Fed's Favorite Inflation Gauge: What to Expect From August PCE
The Federal Reserve's preferred inflation gauge is expected to show that price pressures continued to ease gradually in August. The personal-consumption expenditures price index, or PCE, tracks a broader range of outlays than the better-known consumer-price index.
PCE report for August: Inflation slows with core running below forecast
Prices in the U.S. rose slightly in August and signaled inflation is waning, paving the way for further reductions in interest rates by the Federal Reserve. The Fed’s preferred PCE index inched up just 0.
US Fed's preferred inflation measure edges down in August
An inflation metric closely watched by the US Federal Reserve crept lower Friday, according to government data, supporting the central bank's decision earlier this month to begin cutting interest rate
Key Fed inflation gauge at 2.2% in August, lower than expected
The personal consumption expenditures price index was expected to increase 0.1% in August and 2.3% from a year ago.
Fed's preferred inflation gauge shows prices increased less than Wall Street expected in August
The latest update on the Federal Reserve's preferred inflation gauge comes as investors whether the Fed will cut interest rates by 50 basis points at its November meeting.
U.S. trade deficit in goods shrinks 8.3% in August
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Futures move higher after August inflation data
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Man accused of August stabbing in Edgewater that left woman dead
Back on August 9 police discovered Nancianne S Houston, 47, and a man stabbed inside an apartment on South River.
US Consumer Spending Rises Moderately in August; Inflation Slows
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Canada economy tops July growth forecast, but seen stalling in August
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Southern U.S. solar soars in August while Northeast falls behind
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Nikkei 225 Poised to Recover From August Rout on LDP Election
Japan’s Nikkei 225 Stock Average headed for a full recovery from a rout set off by the Bank of Japan’s decision to raise ...
Toyota global output falls for 7th straight month in August
Toyota Motor's global production fell 11% in August, declining for a seventh straight month, dragged lower by a typhoon and a ...