Breaking: US annual Core PCE inflation rises to 4.9% in August vs. 4.7% expected
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, declined to 6.2% on a yearly basis in August from 6.4% in July, the US Bureau of Economic Analysis announced on Friday. This reading came in below the market expectation of 6.6%. On a monthly basis, the PCE Price Index rose 0.3% as expected.
The Core PCE Price Index, the Federal Reserve’s preferred gauge of inflation, edged higher to 4.9% on a yearly basis from 4.7% in July, compared to analysts’ estimate of 4.7%, and was up 0.6% in August.
The US Dollar Index showed no immediate reaction to these data and was last seen rising 0.65% on the day at 112.50.
[/s2If]
Join Our Telegram Group
