Reported 10 days ago
The Federal Reserve's preferred inflation measure, the core Personal Consumption Expenditures (PCE) index, revealed that prices rose only 0.1% in August, below Wall Street's expectation of 0.2%. Over the last year, prices increased 2.7%, aligning with predictions but slightly higher than July's 2.6%. This inflation reading comes after the Fed recently cut interest rates, with officials expressing growing confidence in managing inflation towards their 2% target. Investors are now debating the potential for further interest rate cuts in the upcoming meeting.
Source: YAHOO