personal consumption expenditure

A widely expected increase in the October Personal Consumption Expenditures (PCE) price index — commonly regarded as the Federal Reserve's preferred inflation gauge — triggered fresh losses for the U.S. dollar, while Treasury yields and U.S. stocks also slid in tandem. By 11:10 a.m. ET in New York...

The U.S. dollar strengthened across the board on Friday after newly released economic data suggested the Federal Reserve might not rush to implement large rate cuts. Meanwhile, Wall Street took comfort in data highlighting the ongoing strength of U.S. consumers, who continue to be a vital driver of...

The Personal Consumption Expenditure (PCE) price index keeps falling. This reaffirms the possibility that the Federal Reserve will cut the key interest rate by September. The PCE, the Fed’s favored inflation indicator which tracks U.S. consumer spending, rose 2.5% on an annual basis in June,...

Investors are eagerly awaiting Friday’s announcement of the Personal Consumption Expenditure (PCE) price index, known as the Fed’s preferred inflation measure, as it could reinforce expectations of Fed rate cuts and provide relief to risky assets after this week’s sharp declines....

Economists have broadly welcomed the latest key piece of inflation data, with the Personal Consumption Expenditure (PCE) price index — commonly referred to as the Fed’s favorite measure of inflation — dropping to a 2.6% year-on-year rate in May 2024, its lowest level since March 2021. This...

This week’s economic spotlight shines on the highly anticipated release of the Personal Consumption Expenditure (PCE) price index for January, scheduled for Thursday. The significance of this index cannot be overstated, as it serves as the Federal Reserve’s preferred barometer for...

The Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures price index, remained at its lowest level in nearly three years last month. The headline PCE inflation remained anchored at 2.6% on an annual basis in December, the Bureau of Economic Analysis said...

Inflation in the United States held broadly steady in December 2023, as the Federal Reserve’s preferred gauge, the Personal Consumption Expenditure (PCE) price index, remains at its lowest point since February 2021. The data, released Friday by the U.S. Bureau of Economic Analysis, matches...

As Wall Street wraps up another week, it stands on the brink of marking its 12th positive performance out of the last 13 weeks for both the S&P 500 and the Nasdaq 100. Additionally, the U.S. stock market is on track for the strongest three-month run since June 2020, the second strongest one...