PCE Edges Higher in July, Prompting Federal Reserve Action
July's Personal Consumption Index (PCE) increased by 4.2% over the prior year on a "core" basis, falling in line with economists' expectations and rising 4.1% from June. On a headline basis, which includes all categories, PCE inflation rose by 3.3% year over year compared...
Futures Mixed as Investors Await Key PCE Inflation Data
U.S. futures emerged mixed on Thursday morning as investors awaited the release of a key Personal Consumption Expenditures (PCE) index report later in the day. Futures listed on the Dow Jones Industrial Average edged 0.3% higher while those on the S&P 500 were up...
Stocks Surge at Friday’s Close Following Strong PCE Data
U.S. stocks surged late on Friday following the release of the latest Personal Consumption Expenditure (PCE) Price Index; the Federal Reserve's preferred tool for measuring inflation.
The tech-heavy Nasdaq Composite surged by 2% during the late session, while the S&P 500 added 1%. The...
Federal Reserve’s Preferred Inflation Measure Hits Two-Year Low
The Personal Consumption Expenditures (PCE) Index, the Federal Reserve's preferred tool to measure inflation, grew 3.8% year-over-year in June, lower than the 3.8% rise in May. This is the lowest annual rate that the index has grown since September 2021.
Core PCE, which excludes volatile...