US PCE inflation for September 2024 at 2.1%; just shy of target
PCE inflation for goods in September 2024 was lower at -1.2% compared to -0.9% in August 2024. Within goods, the durable goods showed further improvement from -2.2% to -1.9% while the inflation in non-durable goods dipped sharply by 60 bps from -0.2% to -0.8%. It is down 180 bps in the last 2 months.
CBS News on MSN4d
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 2.1% ...
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 ...
The Fed may not have received the inflation data it wanted Thursday, but some economists said the central bank is still on ...
The FOMC will consider new Q3 GDP data, September jobs report, PCE, and CPI inflation indices, and the Beige Book in their upcoming meeting. Click to read.
The Fed’s preferred PCE index moved up 0.2% last month, the government said Thursday. That matched the forecast of ...
Silver’s outlook hinges on PCE inflation data and GDP growth, with rising Fed rate uncertainty poised to drive volatility.
The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.2% in September ...
Washington Examiner on MSN4d
Inflation fell to 2.1% for September in Fed’s preferred gauge days before electionThe government released its latest PCE inflation numbers — the last such report ahead of the elections on Tuesday.
Investor's Business Daily on MSN4d
PCE Inflation Tops Forecasts, But Slower Wage Growth Soothes Fed; S&P 500 FallsThe core PCE price index ran a touch too hot in September, as the key inflation gauge remained moderately above the Federal ...
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