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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.
US PCE inflation for September 2024 at 2.1%; just shy of target
The much-awaited PCE inflation for September 2024 came in on the last day of October; and as expected, it came in lower at 2.1%. Remember, the August 2024 PCE inflation estimate was revised up from 2.
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 2.1% ...
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 ...
4d
on MSN
New PCE reading not ideal for Fed but won't upend rate cut expectations
The Fed may not have received the inflation data it wanted Thursday, but some economists said the central bank is still on ...
12h
Upcoming FOMC Meeting - November 2024
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.
4d
PCE inflation edges closer to Fed's 2% target, keeping FOMC on track to cut interest rates
The Fed’s preferred
PCE
index moved up 0.2% last month, the government said Thursday. That matched the forecast of ...
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.
4d
Fed's favored inflation gauge showed price growth continued to slow in September
The Commerce Department on Thursday reported that the personal consumption expenditures (
PCE
) index rose 0.2% in September ...
Washington Examiner on MSN
4d
Inflation fell to 2.1% for September in Fed’s preferred gauge days before election
The government released its latest PCE inflation numbers — the last such report ahead of the elections on Tuesday.
Investor's Business Daily on MSN
4d
PCE Inflation Tops Forecasts, But Slower Wage Growth Soothes Fed; S&P 500 Falls
The 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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Related topics
inflation
Federal Reserve System
United States dollar
Personal consumption expenditures price index
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