Inflation measure closely watched by the Fed fell to 2.2% in August
An inflation measure closely tracked by Federal Reserve policymakers fell in August to 2.2% as inflation continued to trend closer to the central bank's target.
Instant View: August US PCE Inflation Cools to Within Reach of Fed Target
The core PCE price index excluding the volatile food and energy components increased 0.1% after an unrevised 0.2% rise in July. In the 12 months through August, core inflation advanced 2.7% after climbing 2.6% in July. The U.S. central bank tracks the PCE price measures for its 2% inflation target.
VIEW August US PCE inflation cools to within reach of Fed target
The personal consumption expenditures (PCE) price index rose 0.1% in August after an unrevised 0.2% gain in July the Commerce Department reported on Friday. Economists had forecast PCE inflation advancing 0.
PCE report for August: Inflation slows with core running below forecast
Consumer spending rose a modest 0.2% in August - just ahead of the rate of inflation - to mark the smallest increase in seven months. Economists polled by The Wall Street Journal had forecast a 0.3% increase.
Fed's Favorite Inflation Gauge: What to Expect From August PCE
The Federal Reserve's preferred inflation gauge is expected to show that price pressures continued to ease gradually in August. The personal-consumption expenditures price index, or PCE, tracks a broader range of outlays than the better-known consumer-price index.
ECB Says Consumer Inflation Expectations Dipped in August
Inflation expectations of consumers in the euro area decreased in August, according to the European Central Bank — bolstering the growing case for another reduction in interest rates next month.
PCE report for August: Inflation data in the spotlight after Fed's half-point rate cut
The Fed's preferred inflation measure, the personal consumption expenditure price index, is set for release at 8:30 a.m. Eastern. It's expected to show prices rose 0.1% in August, or by 0.2% when excluding food and energy,
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Inflation pressures are easing, and that's clearing the way for more Fed rate cuts over the final months of the year.
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