core PCE InflationInflation refers to a sustained rise in the general price level that reduces the purchasing power of money. The term belongs in Level 7 because it helps connect macro conditions...Read More rose 0.2% in August, coming in below MarketDefinition A market is an environment where buyers and sellers come together to exchange assets, goods, services, or financial instruments. Prices form as buyers and selle...Read More expectations. The softer reading may ease some inflation concerns as investors assess the outlook for Federal ReserveFederal Reserve refers to the Federal Reserveis the central bank of the United States. The term belongs in Level 7 because it helps connect macro conditions, policy, or another...Read More interest-rate policy.
U.S. core PCE inflation rose 0.2% in August and 3.0% from a year earlier, while headline PCE increased 0.3% month-on-month and 3.4% year-on-year, according to the Bureau of Economic Analysis. The release followed annual revisions to the national accounts and showed consumer spending rising 0.9% during the month. Reuters reported the softer-than-expected inflation readings reduced the urgency for another Federal Reserve increase in October, although resilient spending and still-elevated inflation kept further tightening later in the year in focus.
