Today's personal incomes data showed yet another batch of inflation data with hardly a whiff of inflation:
“The Personal Consumption Expenditure (PCE) price index rose at an annualized rate of 1.0 percent in September, compared to an increase of 2.3 percent in August. Excluding food and energy prices (core PCE), the index was roughly flat (up 0.3 percent on an annualized basis). However, this followed a downward revision in August—from a 1.4 percent gain to 0.8 percent. increased 1.4 percent. That revision to July and August's data knocked the 12-month growth rate in the core PCE down from 1.4 percent to 1.3 percent through August. After adding in September's flat reading, the 12-month growth rate ticked down another 0.1 percentage point to 1.2 percent.”
Source: Cleveland Fed
Post Footer automatically generated by Add Post Footer Plugin for wordpress.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.