Finally some good news on inflation due this week
Economists expect the Federal Reserve’s preferred inflation measure–due Friday–to cool to the slowest pace since June. But while I think markets will cheer, it’s too soon to look for any change from the Federal Reserve on interest rate cuts. That will have...
More evidence that the inflation rate is stuck
Yesterday, Wednesday, November 27, the report from the Bureau of Economic Analysis showed that the Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation measure, had continued the stall that began in May. In October the headline number...
Inflation, AI, and auto news headline a short market week
Lots of important news on inflation and on the auto sectors and from Adobe on developments in AI this week. With some strange wrinkles in timing due to the short Good Friday week. Inflation first, because that’s where timing is so strange. At 8:30 a.m. New York time...
Inflation, especially services inflation, looks sticky: PCE inflation up a fast 0.4% month to month in January
The headline, all-items Personal Consumption Expenditures price index, the Federal Reserve’s preferred inflation measure, climbed at a 2.4% year over year rate in January. That was in line with what economists had forecast and down from the 2.6% annual rate in...
PCE, the Fed’s favorite inflation measure, comes in unexpectedly hot in September
The Personal Consumption Expenditures index, the Federal Reserve’s preferred measure of inflation, accelerated to a four-month high in September. The core Personal Consumption Expenditures index, which strips out volatile food and energy prices, rose 0.3% in September...
Low inflation in Fed’s favorite indicator says No interest rate increase at November 1 meeting
The Federal Reserve’s preferred measure of inflation, the Personal Consumption Expenditures index (PCE), rose at the slowest monthly pace in August since late 2020. The core personal consumption expenditures price index, which strips out food and energy prices,...
Omph, that wasn’t good inflation news today–but still, go figure, stocks climbed
The headline Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation measure, climbed at 4.2% in the year through March. That was a big drop from the 5.1% year-over-year rate in February. (Although, I’d note, economists were...
More economists worry about Friday’s PCE inflation report
Now it’s not just the Cleveland Fed’s NowCast that’s pointing at problems in Friday’s PCE (Personal Consumption Expenditures) index inflation report. Economists surveyed by Bloomberg project that the core PCE index–that is excluding food...
Fed’s preferred PCE inflation measure fell in October–but not by much
Inflation progress in October but painfully slow. PCE–personal consumption expenditure–in inflation, the Federal Reserve’s preferred inflation index, rose at a 6% rate year over year rate through October. That was down from a 6.3% rate in September....
Sticky inflation in today’s PCE report rests short-term market trend on October 13 CPI inflation numbers
The Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation measure, rose in August. The index climbed 0.3% from July. Year over year the PCE is up 6.2%. Excluding food and energy, the core PC index rose 0.6% in August from July and at...
Inflation, wage numbers today are bad news for “soft landing” believers
Inflation, measured by the Federal Reserve’s preferred Personal Consumption Expenditures index climbed 6.8% in the twelve months that ended in June. That’s the fastest rate of growth since 1982. Core PCE inflation (that is after removing food and energy...
Signs that inflation maybe peaking not enough for stocks today
The core Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation measure, climbed at an annual rate of 4.7% in May. That was below economists’ expectations and a slight dip from the 4.9% annual rate in April. If you were so...
PCE inflation accelerates in January but not enough to spook markets
The Personal Consumption Expenditures index, the Federal Reserve’s preferred measure of inflation, rose at a year over year 6.1% rate in January. That tops the 5.8% annual rate in December. Economists had been projecting a 6% increase for January. The core PCE...
Hey, remember the Fed! New inflation numbers tomorrow, Friday, morning
I know it’s easy to forget that there’s other market moving news on the horizon (besides what the next day will bring in the Russian invasion of Ukraine) but tomorrow, Friday, February 25, the government will report the Personal Consumption Expenditures...
PCE inflation measure confirms CPI–inflation is hot, hot, hot
Nothing new here in a way. The Personal Consumption Expenditure index, the inflation measure preferred by the Federal Reserve, jumped to an annualized 5.8% rate in December. That confirms the message from the 7% annualized increase in the Consumer Price Index reported...Jim’s Daily Email Alerts:
Every post from Jubak Picks straight to your mailbox. And they're free!