Personal Consumption Expenditure (PCE) Price Index

Macroeconomics and Politics
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27

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Fed’s key inflation gauge rose 0.1% in August, lower than expected

  • Fed’s key inflation gauge, the personal consumption expenditures price index rose 0.1% in August versus expectations to stay unchanged at 0.2%.
  • On a yearly basis, PCE was up 2.2%, lower than 2.3% forecast and 2.5% in the previous month.
  • Core PCE was up 0.1% on the month, lower than 0.2% estimate.
  • On a yearly basis, core PCE increased by 2.7%, in line with the estimate.
  • Personal income rose 0.2% while personal spending increased 0.2%, lower than forecasts for a 0.4% and 0.3% increase, respectively.
  • Stock futures were little changed following the report.
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