The Core Personal Consumption Expenditures (PCE) Price Index for the month has been reported at 0.3%, matching expectations and remaining consistent with the previous month’s figure of 0.3%.
The annual Personal Consumption Expenditures Price Index is recorded at 3.6%, aligning with forecasts and showing an increase from last month’s rate of 3.4%.
The monthly Personal Consumption Expenditures Price Index stands at 0.5%, as anticipated, up from the previous month’s increase of 0.3%.
The Kobeissi Letter reports that the PCE inflation rate in the U.S. for September, which is the Federal Reserve’s favored inflation gauge, has risen to 3.6%. Additionally, core PCE inflation has climbed to 3.1%, reflecting a 0.3% rise from the previous month. This trend confirms that inflation rates for CPI, PPI, and PCE are all on the ascent. The data suggests that a rate increase could be forthcoming in December.
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*This does not constitute investment advice.