Summary:
September's Core PCE rose 2.7%, slightly above the 2.6% forecast, reinforcing the case for slower interest rate cuts after a large reduction.
PCE price index Oct
27/11/2024 (Wed)
Previous: 2.7% Forecast: 2.8%
Core PCE pride index came in at 2.7% in September, slightly higher than expectations of 2.6%. bolstering the case for a slower pace of interest-rate cuts following an outsized reduction.
Meanwhile, overall inflation was 2.1%, the lowest since early 2021. Inflation-adjusted consumer spending advanced 0.4%, an acceleration from the prior month supported by continued growth in wages and salaries.
One bright spot was a drop of 4% in the cost of gasoline and other motor fuels, and consumers spent just 3% of wages and salaries on the category, the least since early 2021.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
Netflix Q2 earnings loom. With strong growth expected, analysts are raising targets—but can the stock justify its high valuation and keep rising?
2025-07-16
Dow plunges 423 points, S&P 500 slips 0.4%, but Nasdaq sets new record as Nvidia surges. Traders eye tariffs, inflation, and earnings for direction.
2025-07-16
The DAX 40 dropped for the fourth session, hit by financial and healthcare stocks. The EU made progress in securing trade deals with new partners.
2025-07-16
