The personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, dropped to 2.1% last month on an annual basis, close to the central bank's goal of a 2% ...
Economists’ consensus forecast calls for a 0.1% rise in the PCE price index in June, according to FactSet, following virtually no change in May and monthly gains of 0.3% in February, March, and ...
Bond yields ended Friday lower as traders digested PCE inflation data for August that came in cooler than Wall Street anticipated. The Federal Reserve’s preferred gauge pegged inflation at 2.2% ...
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Personal consumption expenditures (PCE), also known as consumer spending, is a measure of the spending on goods and services by people of the United States. According to the Bureau of Economic ...
The September PCE data show enough progress on headline inflation for the U.S. central bank to continue cutting rates, even though core inflation is still a bit faster than Federal Reserve ...
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From the same month one year ago, the PCE price index for August increased 2.2%. Prices for goods decreased 0.9% and prices for services increased 3.7%. This could be the week when inflation hits ...
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That matched economists' expectations. The core PCE rose 2.8% on an annual basis. The Dow Jones Industrial Average was up 50 points, or 0.1%. The S&P 500 rose 0.4%. The Nasdaq Composite was up 0.8%.
The Federal Reserve may not have received the inflation data it wanted Thursday, but some economists said a new reading from the Fed's preferred pricing gauge probably keeps the central bank on ...
(AP Photo/Jose Luis Magana) · ASSOCIATED PRESS The latest reading from the Personal Consumption Expenditures (PCE) index showed inflation rose 2.1% during the month of September, compared with 2. ...