Key inflation metric rises 0.2% in Oct., 2.3% annually

Inflation Proved Stubborn in October, Fed’s Preferred Metric Shows
The Federal Reserve’s preferred inflation measure remained above the central bank’s 2% target pace in the year through October, as progress on slowing price growth appears to have stalled in late 2024.
Fed's preferred inflation gauge rises to 2.3% annually, meeting expectations
Inflation edged higher in October as the Federal Reserve is looking for clues on how much it should lower interest rates, the Commerce Department reported Wednesday.
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.
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:
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% year-over-year in October, perfectly aligning with market expectations. Monthly inflation ticked up by 0.
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.
CNBC Daily Open: U.S. inflation edged up but investors aren’t fazed
In fact, traders boosted their bets that the U.S. Federal Reserve will lower rates by 25 basis points at its December meeting ...
American consumers say they're struggling. Tariffs will make inflation much worse.
Donald Trump campaigned on a promise of taming inflation but the tariffs he announced Monday will likely stoke it even before ...
US consumer price increases accelerated last month with inflation pressures resilient
Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has ...
Wall Street stocks end lower after inflation data, tech stocks push Nasdaq down
Wall Street's main indexes closed lower on Wednesday, with the Nasdaq leading declines, as technology stocks slumped on ...
Stock market today: Indexes traded mixed as investors await fresh inflation data
Traders are eyeing potentially hotter inflation, and dialing back their bets for Fed rate cuts into next year.
Is inflation dead? Fears of renewed spikes in 2025
Tariff plans of president-elect Donald Trump have renewed concerns of a drawn-out trade war and inflationary pressures. Read ...
CNET12h
Here's What a Second Trump Term Means for Inflation, Taxes and Student Loans
Not all of Trump's policy details are spelled out, and many require congressional approval. While it's impossible to know all ...
'Inflation fatigue' to spur shoppers to spend cautiously on Black Friday weekend, experts project
Holiday retail spending nationwide is expected to grow modestly this year with consumers still shell-shocked over recent ...
Thanksgiving parade 2024 balloon inflation: Where to see in person in NYC Wednesday
For spectators who want to see the Macy’s Thanksgiving Day Parade balloons without the same crowds (and rain) that are likely ...
US economy holds firm in early Q4; inflation stuck above Fed's target
U.S. consumer spending increased slightly more than expected in October, suggesting the economy retained much of its solid ...