gtydh
@lpy
According to a report by Golden Ten, Nick Timiraos, the "voice tube" of the Federal Reserve, stated that the personal consumption expenditure index (PCE), the inflation indicator favored by the Fed, has risen by 2.2% in the 12 months ending in August, not far from the Fed's 2% target. A year ago and two years ago, this indicator was 3.4% and 6.6%, respectively. The core PCE (excluding volatile food and energy projects) increased by 2.7% year-on-year in August. The core inflation rate for the first 12 months of a year was 3.8%, compared to 5.4% two years ago. @druz @druz
0 reply
0 recast
0 reaction