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2024-09-01 16:13:30
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cnbc.com_3 on Nostr: Summary of The Fed's preferred inflation indicator is out Friday. Here's what to ...

Summary of The Fed's preferred inflation indicator is out Friday. Here's what to expect
The Fed's preferred inflation indicator is out Friday. Here's what to expect


The Commerce Department at 8:30 a.m. ET will release its personal consumption expenditures price index.

https://www.cnbc.com/2024/08/29/the-feds-preferred-inflation-indicator-is-out-friday-what-to-expect.html

Federal Reserve officials will closely examine the personal consumption expenditures price index released by the Commerce Department to guide their September rate decision. The core PCE measure, excluding food and energy, is crucial for interest rate determinations. July's data suggests little change in inflation trends, indicating a likely interest rate cut in September. Fed Chair Jerome Powell remains confident in inflation returning to target levels but expresses concerns about the labor market, signaling a shift towards prioritizing job market stability over inflation fighting.
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