The disappointing March CPI report won’t provide much reassurance to Fed officials who are still looking for greater confidence that PCE inflation is moving sustainably towards the 2% target. While we continue to expect the onset of the Fed easing cycle in June and believe the Fed is likely t...
March 31, 20212.26% February 28, 20211.75% January 31, 20211.72% Basic Info US Core PCE Price Index YoY is at 2.79%, compared to 2.66% last month and 2.93% last year. This is lower than the long term average of 3.24%. ReportPersonal Income and Outlays ...
10, 2024, to 2.61% on Feb. 28, 2025.6 While the most recent Personal Consumption Expenditures (PCE) print was rather tame, the prices paid sub-index of the ISM US Manufacturing PMI survey rose from 54.9 last month to 62.4, a big jump that was well above expectations.7 As with the ...
For the second quarter of 2024, overall PCE grew by 2.9% (at annual rates). Spending on durable goods increased 4.9% during the second quarter after falling 4.5% in the first quarter. Increased spending on durables is often seen as a signal of rising consumer confidence. Households depleted ...
Moreover, CPI is only one measure of inflation. The Federal Reserve’s preferred metric, the Personal Consumption Expenditures (PCE) Price Index, is expected to present a slightly more favorable reading. From the Fed’s perspective, this report is unlikely to trigger immediate concerns about infla...
The PCE Price Index is also the Federal Reserve’s (Fed) preferred gauge of inflation. The YoY reading compares the prices of goods in the reference month to the same month a year earlier. The core reading excludes the so-called more volatile food and energy comp...
Moreover, CPI is only one measure of inflation. The Federal Reserve’s preferred metric, the Personal Consumption Expenditures (PCE) Price Index, is expected to present a slightly more favorable reading. From the Fed’s perspective, this report is unlikely to trigger immediate concerns about infla...
Excluding food and energy prices, which tend to be more volatile, the closely watched core PCE price index rose 0.3% for the month and 2.6% from a year before, slowing from 2.9% in December. The cost of food (especiallyeggs) and energy pushed up theConsumer Price IndexandProducer Price ...
It comes just days before the Fed’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) data, which will be released on Friday. Daily digest market movers: Risks ahead New Home Sales fell lower than expected, to 0.657 million units, missing the 0.68 million unit...
Before the Bell (US Open) 2024 Sep9 盘前最重要的五件事 Inflation ahead US equity futures are pointing to a partial recovery as traders look toward inflation numbers due Wednesday. Stocks saw their worst week since March 2023 on Friday after data showed hiring slowed more than expected. ...