US EditionPublished • loading... • Updated
Fresh data show US consumers still strained by inflation
The Federal Reserve's preferred inflation gauge rose 2.8% in September with durable goods prices up 1.4%, straining consumer affordability amid tariff and labor market pressures.
- Released Friday, the PCE price index showed inflation at 2.8 percent, serving as the last major reading before the Fed's rate decision next week.
- A gradual and uneven tariff pass-through is worsening affordability, while durable goods such as automobiles, appliances, and furniture rose 1.4 percent year-over-year, analysts noted.
- Daco said `while many businesses have absorbed cost pressures using pre-tariff inventories and narrower margins, these buffers are slowly eroding`, and predicted the Fed could face dissents over a rate cut next week.
- University of Michigan data showed consumer sentiment rose to 53.3 in December from 51.0 in November, while Joanne Hsu, survey director, said income outlooks weakened and labor expectations "remained relatively dismal".
- The Federal Reserve has cut rates at its last two meetings following a softer jobs market, and markets were up modestly on hopes for a cut, though Friday's report did not move the US stock market.
Insights by Ground AI
26 Articles
26 Articles
ABC FOX Montana+25 Reposted by 25 other sources
Fresh data show US consumers still strained by inflation
US consumer pricing and sentiment reports released Friday pointed to lingering questions about affordability as the calendar moves towards the peak of the festive season.
·Missoula, United States
Read Full ArticleCoverage Details
Total News Sources26
Leaning Left4Leaning Right4Center6Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 29%
C 43%
R 28%
Factuality
To view factuality data please Upgrade to Premium
