Oct. Price Growth Remained Stubborn

PCE Inflation Report: October Price Growth Remained Stubborn
The Bureau of Economic Analysis releases the latest reading of its personal consumption expenditures price index on Wednesday at 10 a.m. Eastern time. Here is what Wall Street expects to see in the October data, according to FactSet:
VIEW US PCE price inflation ticks higher in October, as expected
The personal consumption expenditures (PCE) price index climbed 0.2% in October, the Commerce Department said on Wednesday, matching September's unrevised gain.
Fed’s Preferred Inflation Measure Remained Elevated in October
The core version of the Fed’s preferred 12-month inflation gauge ticked back up to 2.8% as expected last month.
Key inflation metric rises 0.2% in October, 2.3% annually, in line with expectations
Personal Consumption Expenditures inflation in October rose 0.2%, an increase of 2.3% from a year ago. The Wednesday estimate from the Bureau of Economic Analysis was in line with Dow Jones expectations.
Instant View: US PCE Price Inflation Ticks Higher in October, as Expected
In the 12 months through October, the PCE price index increased 2.3 after advancing 2.1% in September. Excluding the volatile food and energy components, the PCE price index rose 0.3%, after a similar increase in September.
Fed's preferred inflation gauge expected to stall again in October
October's increase in the core PCE (personal consumption expenditure) price index is expected to hang out at +0.3% month-over-month, the same as in September, according to economists' consensus. It highlights the difficulty in wringing the last bit of disinflation out of the current inflation rate to bring it down to the Federal Reserve's 2% goal.
PCE Price Index In US
The personal consumption expenditures index reflects changes in the price of goods and services compared to the same month a ...
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Fed’s Favored Inflation Gauge Picks Up, Backs Cautious Approach
The Federal Reserve’s preferred measure of underlying inflation accelerated in October from a year ago, helping explain ...
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Federal Reserve key inflation gauge hits 2.3%, aligns with projections
The Federal Reserve’s go-to inflation measure, the personal consumption expenditures (PCE) price index, rose 2.3% ...
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