Category: Personal Consumption Expenditures Index

Inflation Eases but Remains 300 Percent Above Fed’s Target, New Data Shows

December 2, 2022
Business & Marketseconomic policieseconomyFederal ReserveinflationInvestmentMarketsPersonal Consumption Expenditures Indexpersonal financerecessionUS
0 Comment

New data shows that U.S. inflation rates have eased but still remain 300 percent above the Federal Reserve’s target. The personal consumption expenditures index (PCE) for October, a measure of inflation that is closely monitored by the Fed, was released on Dec. 1 by the Bureau of Economic Analysis. The central bank is using the headline PCE…

Read More

Key Inflation Gauge Jumps, Investors Ramp Up Bets for a More Aggressive Fed

September 30, 2022
Business & Marketseconomic policieseconomyFederal ReserveinflationPersonal Consumption Expenditures Indexpersonal financerecessionUS
0 Comment

U.S. inflation rates rose higher than expected in August, as investors expect a more aggressive monetary policy by the Federal Reserve in its efforts to curtail inflation toward the central bank’s preferred target of 2 percent. The keenly watched Personal Consumption Expenditures price index (PCE) was published by the Bureau of Economic Analysis on Sept….

Read More

New Report Says That the Fed May Require 7.5 Percent Unemployment to Lower Inflation

September 9, 2022
Business & Marketseconomic policieseconomyFederal Reserveinflationinterest ratesjerome powellMarketsPersonal Consumption Expenditures IndexrecessionUSUS News
0 Comment

The U.S. unemployment rate may need to rise almost twice its current level in order to control high inflation, according to a team of researchers from the International Monetary Fund (IMF). The paper, co-authored by IMF economists Daniel Leigh and Prachi Mishra, said that the jobless rate would have to grow from 3.7 percent at…

Read More