PCE inflation November 2024: - CNBC
1 day ago · The PCE price index was expected to show a 2.5% annual inflation rate in November after rising 0.2% monthly.
The Fed’s go-to inflation gauge ticked up less than expected
1 day ago · The PCE price index is part of the Commerce Department’s monthly Personal Income and Outlays report, which includes comprehensive data on how Americans earn, spend and save.
PCE Inflation, the Fed’s Preferred Measure, Sped Up in November
1 day ago · The central bank’s preferred inflation measure, released on Friday, climbed 2.4 percent in November from a year earlier, faster than its 2.3 percent rate in October and notably quicker than the ...
Core PCE Inflation Hits 2.8% As Interest Rate Cut Hopes Dwindle
1 day ago · Derek Saul has covered markets for the Forbes news team since 2021. Following. Dec 20, 2024, 08:33am EST. Updated Dec 20, 2024, 08:55am EST. ... Headline PCE inflation came in at 2.4%, also lower ...
News Release - Bureau of Economic Analysis
1 day ago · The increase in current-dollar personal income in November primarily reflected an increase in compensation that was partly offset by decreases in personal income receipts on assets and personal current transfer receipts (table 2).. The $81.3 billion increase in current-dollar PCE in November reflected an increase of $48.3 billion in spending for goods and an increase of $33.0 billion in ...
VIEW US PCE inflation cools in November | Reuters
1 day ago · The personal consumption expenditures (PCE) price index rose a less-than-expected 0.1% in November, marking a cooler inflation picture than October's unrevised 0.2% gain, and, combined with solid ...
Federal Reserve's preferred inflation gauge ... - Associated Press News
1 day ago · The Fed tends to favor the PCE index over the better-known consumer price index. The PCE index tries to account for changes in how people shop when inflation jumps. It can capture, for example, when consumers switch from pricier national brands to …
PCE Inflation Report: Price Growth Cools Slightly
2 days ago · The PCE price index was up 0.1% in November and 2.4% from a year earlier. Economists expected a 0.2% monthly rise and 2.5% annual gain.
The Fed's Favorite Measure Of Inflation Was Surprisingly
1 day ago · The Fed aims to get PCE inflation down to an annual rate of 2% and keep it there after it flared up to more than 7% in 2022. ... Do you have a news tip for Investopedia reporters? Please email us at.
Statement from National Economic Advisor Lael Brainard on …
1 day ago · Today’s report shows that PCE inflation has remained below 2.5% for four months in a row, while yesterday’s report showed GDP grew by 3.1% in the third quarter.