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Fed's Preferred Inflation Gauge Falls To Lowest Level Since March 2021, Relieves Trader Interest Rate Worries (CORRECTED)
Friday, June 28, 2024 - 9:56am | 452Editor’s note: The headline and body of this story have been corrected to reflect that core PCE inflation was the lowest in May since March 2021 on a year-over-year basis. The Federal Reserve’s preferred measure of inflation, the Personal Consumption Expenditure, continued to decline in...
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Fed's Favorite Inflation Gauge Matches Forecasts, Cementing Interest Rate Pause Next Week
Friday, October 27, 2023 - 8:38am | 346The personal consumption expenditures price index, which is the Federal Reserve’s preferred gauge for measuring inflation, came in broadly in line with expectations last month, bolstering expectations for unchanged interest rates next week. The PCE price index climbed by 3.4% year-on-year in...
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Fed's Preferred Inflation Tracker To Hit Markets On Friday: Here Are 5 ETFs That Could Make Waves
Thursday, October 26, 2023 - 2:45pm | 703The Bureau of Economic Analysis is slated to unveil the Federal Reserve’s favored gauge of inflation, the Personal Consumption Expenditure (PCE) index for September, at 8:30 a.m. ET on Friday. This data holds immense significance as it not only serves as the primary inflation metric closely...
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August PCE Inflation Report: Headline Matches Forecasts At 3.5%, Core Falls To 3.9%
Friday, September 29, 2023 - 8:35am | 354The Personal Consumption Expenditure (PCE) Price Index report for August — the Fed’s preferred inflation gauge — released Friday delivered mixed results, keeping investors on edge over the future of Fed’s decisions on interest rates. August PCE Inflation Report: Key Highlights The...
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Fed's Top Inflation Gauge Drops Thursday: Why You Need To Watch The PCE Price Index
Wednesday, August 30, 2023 - 12:28pm | 665Investors have their radar focused on the July data of the Personal Consumption Expenditure (PCE) price index, due on Thursday at 8:30 a.m. EST. The Fed’s most prominent inflation gauge carries a critical importance in shaping the central bank’s future decisions on interest rates....
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Fed's Preferred Inflation Measurement Comes In Better Than Feared In July: What You Need To Know
Friday, August 26, 2022 - 3:18pm | 316The core personal consumption expenditures price index for July, which excludes volatile food and energy prices, increased to $23.7 billion or 0.1% month-over-month in July, the Bureau of Economic Analysis announced Friday. Economists were expecting a 0.3% increase. The figure is the Federal...
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Benzinga Market Primer: Thursday, June 27
Thursday, June 27, 2013 - 6:30am | 1098Futures Tick Higher On Better Eurozone Confidence Data U.S. equity futures rose marginally in early pre-market trade following better than expected confidence data in the eurozone and a strong day Wednesday on the "tapering of the tapering" trade as investors fear tapering is further off given...