PCE report: Fed’s favored inflation gauge rises; Powell appearance awaited

By: About this pagePCE report: Fed’s favored inflation gauge rises; Powell says no surprises in data and inflation risks are not elevatedLast Updated: Mar 29, 2024 at 12:42 pm ETFollow the release of the personal consumption expenditures price index, the Federal Reserve’s preferred inflation measure, on Friday morning, as well as remarks due later from…

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PCE February 2024: Personal Spending Too Hot For Fed Rate Cuts

By: pcess609/iStock via Getty ImagesThe Bureau of Economic Analysis (BEA), has just released its estimate for February 2024 US Personal Consumption Expenditures (PCE). Also known as “Personal Spending,” PCE directly accounts for over 60% of total US Gross Domestic Product (GDP), marking it a crucial indicator for assessing changing rates of expansion, contraction, and momentum…

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Americans’ personal income growth slows down, but spending rises in February

By: ISTANBUL Americans’ personal income growth slowed down in February, but their personal spending accelerated on a monthly basis, according to official figures released Friday.Personal income increased $66.5 billion, or 0.3% at a monthly rate in February, according to the US Bureau of Economic Analysis on Friday.The figure is a significant slowdown from the 1%…

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