Wholesale Prices Rose in Sep., Filling in Some Data for Fed
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Delayed September data will be the most recent official look at inflation available to the Fed at December meeting.
Wall Street index futures held steady on Tuesday evening after strong gains during the main session, supported by growing expectations that the Federal Reserve will cut interest rates in December. However,
Pre-market futures are improving following the release of major economic numbers this morning. A drawback in EU markets this morning (Germany reported a surge in unemployment and higher inflation) brought U.S. indexes lower, but they are fighting higher ...
There are two big picture inflation reports in US that address consumer prices: CPI and PCE. Of the two, PCE is broader and more highly regarded by policymakers. The downside is that it comes out about 2 weeks later for the same month of price data.
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 slight pickup from June. Core PCE shifted higher in 2016 ...
A key inflation measure closely watched by Federal Reserver policymakers is heating up, complicating the case for the interest rate cut that is widely expected next month. Core inflation as measured by the Personal Consumption Expenditures (PCE) index rose ...
WASHINGTON >> U.S. retail sales increased less than expected in September, suggesting consumer fatigue amid higher prices because of tariffs, though the moderation did not dampen economists’ expectations for solid economic growth in the third quarter.
PCE inflation kept on an even keel in July, with no big surprises and matching economists' consensus across the board, according to data released by the Bureau of Economic Analysis on Friday. The tame inflation report keeps the Federal Reserve on track for ...
[Stay on top of transportation news: Get TTNews in your inbox.] WASHINGTON — The Federal Reserve’s favored inflation gauge accelerated slightly in August from a year earlier. The Commerce Department reported Sept. 26 that its personal consumption ...