PCE Inflation Report: Numbers Come in as Expected, Paving Way for Rate Cut

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Core inflation was little changed in August, according to the Federal Reserve's primary forecasting tool, likely keeping the central bank on pace for interest rate reductions ahead.

The personal consumption expenditures price index posted a 0.3% gain for the month, putting the annual headline inflation rate at 2.7%, the Commerce Department reported Friday.

:banana:

Great news!

We are slowly getting out under the thumb of the Biden "economy".
 
The numbers lie because Trump and his rich buds are manipulating them for another rate cut...
 
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Core inflation was little changed in August, according to the Federal Reserve's primary forecasting tool, likely keeping the central bank on pace for interest rate reductions ahead.

The personal consumption expenditures price index posted a 0.3% gain for the month, putting the annual headline inflation rate at 2.7%, the Commerce Department reported Friday.

:banana:

Great news!

We are slowly getting out under the thumb of the Biden "economy".
no inflation
no need for a rate cut
 
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