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Total PCE Inflation Gets Closer To Fed’s 2% Target
Total PCE Inflation Gets Closer To The Fed’s 2% Target
U.S. consumer inflation got closer to the Federal Reserve’s 2% target in September 2024 when year-on-year total Personal Consumption Expenditure inflation fell to 2.1%.
PCE Inflation Slips to 2.1% Annual Rise, Moves Closer to the Fed’s Target
Inflation continued to close in on the Federal Reserve’s 2% annual target in September, even as the monthly pace of price growth ticked higher. An interest-rate cut at the central bank’s Nov. 6-7 meeting remains the most likely outcome as all eyes shift to Friday’s October jobs data.
September US PCE inflation ticks up, as expected
The Commerce Department's personal consumption expenditures (PCE) price index, closely watched by the Federal Reserve, increased 0.2% in September after an unrevised 0.1% gain in August. Economists had forecast PCE inflation climbing 0.
CBS News on MSN
4d
PCE index, the Fed's preferred inflation measure, drops to 2.1%. Here's what it means for interest rates.
The personal consumption expenditures (
PCE
) price index, the Federal Reserve's preferred
inflation
measure, dropped to ...
12h
What To Expect From October’s CPI Inflation Report
Further evidence of disinflation is expected with October’s Consumer Price Index report. However, jobs data will matter more ...
4d
on MSN
The Fed’s favorite inflation index just cooled again
Given that gas and food prices can be quite volatile and heavily influenced by aspects such as weather, war and disease, a ...
4d
PCE report for September: Inflation data shows price growth moving toward 2%
U.S. inflation slowed to a yearly rate of 2.1% September and almost hit the Federal Reserve's 2.0% goal, based on the PCE ...
21h
Inflation gauge closely watched by the Fed falls to lowest level since early 2021
The Commerce Department reported that prices rose just 2.1% in September from a year earlier, down from a 2.3% rise in August ...
4d
Fed's favored inflation gauge showed price growth continued to slow in September
The Federal Reserve is focusing on the
PCE
headline figure as it tries to bring the pace of price increases back to 2%, ...
4d
PCE inflation edges closer to Fed's 2% target, keeping FOMC on track to cut interest rates
(Getty Images) Prices in the U.S. rose modestly in September, but not enough to suggest
inflation
is rekindling or to ...
1d
Silver (XAG) Forecast: Will PCE Inflation Surprise Fuel Silver’s Next Breakout?
Silver’s outlook hinges on PCE inflation data and GDP growth, with rising Fed rate uncertainty poised to drive volatility.
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Related topics
Federal Reserve System
Personal consumption expenditures price index
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