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Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected
Core PCE rose 3.0% from a year earlier, while economists polled by LSEG expected 3.3%, the Commerce Department said.
- The Commerce Department reported Core PCE rose 0.2% monthly in August, reaching 3% year over year, cooler than economists' expectations of 3.3%.
- Headline PCE increased 0.3% monthly and 3.4% from a year ago, both figures below LSEG economists' predictions of 0.4% and 3.7% respectively.
- The BEA revised second-quarter Real GDP growth up to 2.2% from 1.5%, reflecting stronger consumer spending and private investment contributions.
- Policymakers monitor Core PCE closely because it filters out volatile price swings and signals long-term inflation trends, according to CNBC.
- The next GDP release, an advance estimate for third-quarter 2026, is scheduled for October 29, when investors will assess the economic trajectory.
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96 Articles
96 Articles
Reformatorisch Dagblad+2 Reposted by 2 other sources
New York stock exchanges opened higher on Wednesday, helped by better-than-expected US inflation figures. So-called core inflation, excluding food and energy, rose by 3 percent in August. Economists had forecast an increase of 3.3 percent.
·Apeldoorn, Netherlands (Kingdom of the)
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Key inflation reading comes in cooler than expected, easing pressure on Fed and Trump
The government said Wednesday that a key index of what Americans pay for goods and services came in lower than expected for August, easing pressure on the Federal Reserve to raise interest rates.
·Washington, United States
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The inflation indicator preferred by the Federal Reserve remained high in August, reflecting the persistence of higher than usual price increases, as shown by new data on Wednesday.
Coverage Details
Total News Sources96
Leaning Left10Leaning Right11Center32Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 19%
C 60%
R 21%
Factuality
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