Published 09/27/2024 12:34:41 p.m.

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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Associated Press News

Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts

The Federal Reserve’s preferred inflation measure provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts. Prices rose just

09/27/2024 12:39:32 p.m.·United States

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abc News

Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts

The Federal Reserve’s preferred inflation measure provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts

09/27/2024 12:39:32 p.m.·United States

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CNN

A dual win for consumers: Inflation cooled last month, paving way for borrowing costs to come down more

Americans and Federal Reserve officials have news to celebrate: Inflation cooled significantly last month, likely giving central bankers more confidence to continue cutting interest rates.

09/27/2024 12:34:59 p.m.·Atlanta, United States

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KRDO

A dual win for consumers: Inflation cooled last month, paving way for borrowing costs to come down more

By Elisabeth Buchwald, CNN New York (CNN) — Americans and Federal Reserve officials have news to celebrate: Inflation cooled significantly last month, likely giving central bankers more confidence to continue cutting interest rates. The Fed’s favorite inflation gauge, the Personal Consumption Expenditures price index, showed consumers paid 2.2% more for goods and services for the year ended in August, versus 2.5% in July. This marks another step…

09/27/2024 1:05:40 p.m.·Colorado Springs, United States

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CNBC

Key Fed inflation gauge at 2.2% in August, lower than expected

The personal consumption expenditures price index was expected to increase 0.1% in August and 2.3% from a year ago.

09/27/2024 12:32:54 p.m.·United States

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CBS News

Key U.S. inflation gauge shows prices cooled in August, raising likelihood of more rate cuts

Grocery costs barely rose last month, according to Friday's report, and energy costs dropped 0.8%, led by cheaper gasoline.

09/27/2024 3:29:33 p.m.

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43% Left, 43% Center

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Key Fed inflation gauge at 2.2% in August, lower than expected

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Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts

Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts

Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts

Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts

A dual win for consumers: Inflation cooled last month, paving way for borrowing costs to come down more

A dual win for consumers: Inflation cooled last month, paving way for borrowing costs to come down more

A dual win for consumers: Inflation cooled last month, paving way for borrowing costs to come down more

A dual win for consumers: Inflation cooled last month, paving way for borrowing costs to come down more

Key Fed inflation gauge at 2.2% in August, lower than expected

Key Fed inflation gauge at 2.2% in August, lower than expected

Key U.S. inflation gauge shows prices cooled in August, raising likelihood of more rate cuts

Key U.S. inflation gauge shows prices cooled in August, raising likelihood of more rate cuts

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