Inflation showed further signs of cooling in June, according to a gauge released Friday that the Fed follows closely.
The personal consumption expenditures price index excluding food and energy increased just 0.2% from the previous month, in line with the Dow Jones estimate,So-called core PCE rose 4.1% from a year ago, compared with the estimate for 4.2%. The annual rate was the lowest since September 2021 and marked a decrease from the 4.6% pace in May.
"Today's economic releases reaffirm the current market narrative that inflation is cooling and economic growth is continuing, which is a favorable environment for risk assets," said George Mateyo, chief investment officer at Key Private Bank.
Fed officials follow the PCE index closely as it adjusts for changing behavior from consumers and provides a different look at price trends than the more widely cited CPI.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
The Fed's favorite inflation measure cooled down even further in June | CNN BusinessThe inflation gauge tracked most closely by the Federal Reserve showed that the pace of price increases slowed last month, according to Commerce Department data released Friday.
Consulte Mais informação »
Fed’s preferred inflation gauge eases in June while Americans continue to spendLast month’s sharp slowdown in year-over-year inflation largely reflected falling gas prices, as well as milder increases in grocery costs.
Consulte Mais informação »
Inflation declined to 3% in June, according to key gauge watched by FedInflation fell to a 3% annual rate in June, as measured by the gauge favored by the Federal Reserve, a 0.8 percentage point decline from the month before and the lowest reading since September 2021.
Consulte Mais informação »
U.S. economy grew at a faster 2.4% rate in April-June quarter despite Fed rate hikesThe U.S. economy accelerated unexpectedly to a 2.4% annual growth rate from April through June, showing continued resilience in the face of steadily higher interest rates resulting from the Federal Reserve’s 16-month-long fight against inflation.
Consulte Mais informação »
U.S. economy grew at a faster 2.4% rate in April-June quarter despite Fed rate hikesThursday’s estimate from the Commerce Department indicated that the gross domestic product picked up from the 2% growth rate in the January-March quarter.
Consulte Mais informação »
US economy accelerated unexpectedly to a 2.4% growth rate in April-June quarter despite Fed hikesThe U.S. economy surprisingly accelerated to a 2.4% annual growth rate from April through June, showing continued resilience in the face of steadily higher interest rates resulting from the Federal Reserve's 16-month-long fight to bring down inflation.
Consulte Mais informação »