core PCE InflationA broad rise in prices that reduces money’s purchasing power. Central banks watch inflation because it affects interest-rate decisions.Read More rose 0.2% in August, coming in below MarketA place—physical or digital—where buyers and sellers meet and agree on a price. Lix’s simple rule: no buyers and sellers, no market.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.
