Reported 26 days ago
The Personal Consumption Expenditures (PCE) index, which the Federal Reserve favors for measuring inflation, reported a month-over-month increase of 0.2% and an annual rise of 2.1%, aligning with economist expectations. Core PCE, excluding food and energy prices, saw a 0.3% hike from the previous month and a year-over-year increase of 2.7%, slightly above the anticipated 2.6%. Analysts discuss these findings' implications for the U.S. economy as the October jobs report and the Fed's upcoming policy meeting approach.
Source: YAHOO