Key Fed inflation gauge at 2.2% in August, lower than expected
- The Personal Consumption Expenditures price index shows inflation at 2.2% for the year ending in August, down from 2.5% in July, marking the lowest since February 2021.
- The annual inflation rate was below the 2.3% economists projected, according to FactSet consensus estimates.
- Core prices rose 2.7% annually in August, slightly higher than in July, with monthly prices increasing 0.1%, down from a 0.2% rise in July.
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Coverage Details
Total News Sources0
Leaning Left10Leaning Right3Center10Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
44% Left
L 44%
C 43%
13%
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