Fed’s favored inflation gauge showed price growth picked up in October
Chicago Fed President Austan Goolsby spoke candidly about the impact of the Federal Reserve's actions on the “Craman Countdown.'' Inflation measures closely monitored by Fed policymakers rose in October but remain close to the Fed's inflation target. The Commerce Department said Wednesday that the personal consumption expenditure (PCE) index rose 0.2% in October, up 2.3% […]
Fed’s favored inflation gauge showed price growth continued to slow in September
Key Square Group founder Scott Bessent and America First Policy Institute chief economist Michael Faulkender discuss former President Trump's policies regarding Kudlow. Inflation measures closely watched by Fed policymakers continued to slow in September as the pace of price increases trended closer to the Fed's September target. The Commerce Department said Thursday that the personal […]
Key inflation gauge doesn’t include credit card interest, property taxes
A key measure of inflation doesn't take into account key expenses that have skyrocketed for consumers since the pandemic, such as interest on credit cards and car loans, tips and even fees paid to babysitters and dog walkers. . The Consumer Price Index (CPI), published monthly by the Bureau of Labor Statistics, measures the average […]
Stock market today: Dow gains as Fed's favored inflation gauge cools – Yahoo Finance
Stocks traded mixed on Friday as investors accepted an inflation report seen as key to the Federal Reserve's next rate cut decision. This week, the S&P 500 (^GSPC) rose 0.1% after setting its third all-time high. The Dow Jones Industrial Average (^DJI) rose 0.7%, but the tech-heavy Nasdaq Composite Index (^IXIC) was just below the […]
Fed’s preferred inflation gauge rose 2.2% last month
Inflation showed signs of cooling further on Friday, as Wall Street began pricing in further interest rate cuts from the Federal Reserve. The Personal Consumption Expenditures Price Index (PCE), the Federal Reserve's preferred inflation measure, showed that prices for goods and services rose 2.2% last month, lower than the 2.3% year-over-year rate expected by economists. […]
Fed’s preferred inflation gauge ticked up in July as likely interest cut looms
The Federal Reserve's preferred measure of inflation rose slightly last month and consumer spending also grew robustly, suggesting the economy remains strong and providing a case for the central bank to oppose a half-percentage-point interest rate cut next month. The Commerce Department said on Friday that the personal consumption expenditures (PCE) price index rose 0.2% […]
Wall Street’s fear gauge surges as global market selloff deepens
Weak jobs report sends stocks plummeting on recession fears. Adam Turnquist, chief technology strategist at LPL Financial, explains more. Wall Street’s fear index surged to its highest level in more than four years early Monday amid a global market sell-off. The Cboe Volatility Index, or VIX, a gauge of investor fear, surged 172% to 62.27 […]
Fed’s preferred inflation gauge eases to 2.5% in June
The Federal Reserve’s preferred inflation measure rose 2.5% year-on-year in June, in line with market expectations and raising hopes of a rate cut in September. The Commerce Department said on Friday that the personal consumption expenditures index (PCE) rose 0.1% in June from the previous month, while core PCE, which excludes volatile food and energy […]
Fed's preferred inflation gauge ticks higher in June
The Federal Reserve’s preferred inflation measure rose slightly in June, according to new data released Friday by the Commerce Department. The personal consumption expenditures (PCE) price index rose 0.1% last month and is up 2.5% over the past year. Core PCE, which excludes more volatile food and energy prices, rose 0.2% in June and is […]
Fed’s preferred inflation gauge was up 2.6% in May
The key inflation measure the Fed uses to track price growth rose 2.6% last month, in line with analysts’ expectations. Stock market futures rose across the board early Friday as investors expect central banks to cut interest rates later this year. The personal consumption expenditures index (PCE) is the Fed’s preferred inflation measure. The personal […]