Sign In  |  Register  |  About Pleasanton  |  Contact Us

Pleasanton, CA
September 01, 2020 1:32pm
7-Day Forecast | Traffic
  • Search Hotels in Pleasanton

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Fed's favored inflation gauge showed price growth continued to slow in September

The Commerce Department released the latest data for the personal consumption expenditures index, which is closely watched by Federal Reserve policymakers and showed inflation cooled.

An inflation gauge closely watched by Federal Reserve policymakers continued to slow in September as the pace of price growth trended closer to the Fed's target in September.

The Commerce Department reported Thursday that the personal consumption expenditures (PCE) index rose 0.2% in September and increased 2.1% year over year. Those figures were in line with estimates by economists polled by LSEG.

Core PCE, which excludes volatile food and energy prices, rose 0.3% for the month and increased 2.7% from a year ago, in line with estimates.

This is a developing story. Please check back for updates.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Photography by Christophe Tomatis
Copyright © 2010-2020 Pleasanton.com & California Media Partners, LLC. All rights reserved.