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U.S. Inflation Shows Signs of Cooling Down, Increases Prospect of Fed Rate Cut

The U.S. inflation is showing further signs of cooling down according to the latest data released by Commerce Department's Bureau of Economic Analysis. The personal consumption expenditures (PCE) price index, which the Federal Reserve uses as its preferred inflation indicator, remained flat in May while...

PCE Report Could Convince Federal Reserve to Cut Rates in June

The Federal Reserve may be inclined to introduce interest rate cuts in June following the release of February's Personal Consumption Expenditures index. The "core" reading, which excludes volatile food and energy costs, came in at 2.8%, down from the 2.9% reading in January. Core prices...

Stocks Rise Following Relief Over Inflation Data

U.S. futures and European equities rose on Friday after the latest US PCE report largely met expectations, thereby doing little to rock the boat in terms of markets' fears of an inflation resurgence and the pace at which the Federal Reserve introduces its interest...

PCE Inflation Report Threatens to Delay Fed Rate Cuts

Investors are bracing for the release of the Personal Consumption Expenditures (PCE) report on Thursday, with markets concerned that hotter-than-expected inflation data could further delay the Federal Reserve's introduction of interest rate cuts. Core PCE is set to come in at 2.8% for the...

PCE Index Expected to Rise By Most in a Year

The personal consumption expenditures (PCE) price index, known to be the Federal Reserve's preferred inflation gauge, is expected to rise at its quickest pace in over a year. The PCE is forecasted to show a 0.4% rise from the previous month; only the second...

Federal Reserve Receives Positive Inflation Data in PCE Report

The Personal Consumption Expenditures index—the Federal Reserve's preferred inflation gauge—came in at 2.9% for December, beating economists' estimates. This is the first time since March 2021 that the index has fallen below 3%, prior to the Fed's most aggressive interest rate hiking campaign since...