Fed's preferred inflation measure edges higher in July

The Federal Reserve's preferred inflation measure, the core Personal Consumption Expenditures (PCE) Index, rose 4.2% in July, indicating a slight increase from the previous month and aligning with economist expectations, as the central bank works to bring inflation back to its target of 2%.

yahoo.com

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8/27/2023

Inflation and jobs data on tap as Fed's path remains in focus: What to know this week

Federal Reserve Chair Jerome Powell's comments about potential future rate hikes have put the focus on upcoming data releases, including the Personal Consumption Expenditures (PCE) index and the August jobs report, as investors assess the state of the economy.

8/31/2023

Stock Market Today: Stocks Close Mixed Ahead of July Jobs Report

Stocks had a mixed day as investors reacted positively to the latest inflation data, but overall, it has been a challenging month for the equities market. The July personal consumption and expenditures (PCE) index showed a modest increase in consumer spending, while the core PCE remained unchanged. Despite the "disappointing" details, experts expect the Federal Reserve to maintain unchanged interest rates in September. Additionally, tech stocks like Salesforce saw a boost after reporting strong earnings and highlighting their generative AI initiatives.

9/13/2023

Inflation Rises Faster Than Expected in August but Core Rate Slows; Oil Prices Push Headline Higher While Lower Core May Reassure Fed

The Consumer Price Index (CPI) rose 0.6% in August, while CPI inflation increased to 3.7% on a year-over-year basis, driven by surging oil prices, but core inflation fell to its lowest level since mid-2021, possibly indicating comfort for the U.S. Federal Reserve.