PCE Inflation Holds Steady, No Change to Fed Easing Path Expected
Friday, 30 August 2024, 06:52
PCE inflation data indicates stability in the economic landscape. The PCE price index for the 12 months ending in July saw an increase of 2.5%, aligning perfectly with June's results. This mark subtly outstrips the 2.6% increase anticipated by analysts surveyed by Reuters.
Excluding the volatile sectors of food and energy, the core inflation trends reinforce the Fed's current stance. As economic indicators remain relatively consistent, the Federal Reserve is not expected to alter its easing trajectory.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.