19Negative
Serious
Neutral
Optimistic
Positive
- Total News Sources
- 5
- Left
- 1
- Center
- 1
- Right
- 2
- Unrated
- 1
- Last Updated
- 28 min ago
- Bias Distribution
- 40% Right
The Personal Consumption Expenditures (PCE) price index, a key inflation gauge for the Federal Reserve, rose by 2.2% year-over-year in August, down from 2.5% in July and below the expected 2.3%. The core PCE, which excludes food and energy prices, increased by 2.7%, meeting expectations but higher than July's 2.6%. Monthly data revealed a 0.1% rise in both the PCE and core PCE, falling short of the anticipated 0.2% increase. This cooling inflation supports the Fed's recent decision to cut interest rates by 0.5 percentage points. Investors are now debating the likelihood of further cuts at the Fed's November meeting, with a near 50% chance for a 50 basis point reduction. Overall, the data suggests a cooling economy, prompting the Fed to balance inflation control with employment concerns.
- Total News Sources
- 5
- Left
- 1
- Center
- 1
- Right
- 2
- Unrated
- 1
- Last Updated
- 28 min ago
- Bias Distribution
- 40% Right
19Negative
Serious
Neutral
Optimistic
Positive
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