The Fed’s preferred inflation gauge, the core PCE price index, rose 2.9% year-over-year in August, the highest level since February. On a monthly basis, the core index was up 0.2%, as expected. The ...
The Fed’s preferred inflation gauge, the core PCE price index, rose 2.9% year-over-year in July. The headline index was up 2.6% year-over-year, which was consistent with the forecast and marked a ...
Core PCE inflation, a gauge the Federal Reserve closely monitors, is expected to be little changed in July, when the Commerce Department’s Bureau of Economic Analysis releases its Personal Income and ...
Back when inflation surged after the COVID pandemic, the New York Fed rolled out a measure of prices that showed that things were heading to normalcy more than official statistics suggested. Called ...
WASHINGTON, Aug 29 (Reuters) - U.S. consumer spending increased by the most in four months in July while services inflation picked up, but economists did not believe strong domestic demand would ...
Wall Street is on alert as the August personal consumption expenditures price index is set for release on Friday, a key update that could steer interest rate expectations into the fall. The report, ...