The core personal consumption expenditures price index was expected to rise 0.3% in October and 5% from a year ago, according to Dow Jones estimates.
Inflation rose in October about in line with estimates, sending a sign that price increases at least are stabilizing, the Commerce Department reported Thursday.
The core personal consumption expenditures price index, a gauge that excludes food and energy and is favored by the Federal Reserve, rose 0.2% for the month and was up 5% from a year ago. The monthly increase was below the 0.3% Dow Jones estimate, while the annual gain was in line. While the Fed takes in a broad range of measures to gauge inflation, it prefers the PCE index as it takes into account changes in consumer behavior such as substituting less expensive goods for pricier items. That's different than the consumer price index, which is a raw measure of changes in prices.
Policymakers view core inflation as a more reliable measure as food and energy prices tend to fluctuate more than other items.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Job openings fall in October amid Fed efforts to cool labor marketThe Job Openings and Labor Turnover Survey, a closely watched gauge of slack in the labor force, showed there were 10.3 million vacancies for the month.
Leer más »
Job openings edged down in October as Fed hiked interest ratesThe number of job openings fell in October, an indication that the labor market is slowly starting to feel the effects of the Federal Reserve’s interest rate hikes.
Leer más »
USD to weaken again when Fed cuts its key interest rate again next year – CommerzbankThe US Dollar was the clear winner in the G10 universe in 2022. But economists at Commerzbank expect the US currency to weaken in 2023 as the Federal
Leer más »
US Dollar Index sets to test 107.00 ahead of Fed commentary and key economic catalystsUS Dollar Index sets to test 107.00 ahead of Fed commentary and key economic catalysts – by Sagar_Dua24 DollarIndex Fed GDP Employment Inflation
Leer más »
Asian Stock Market: Mixed signals from China tests traders ahead of key Fed talksAsian markets struggle for clear directions during early Wednesday as traders await crucial catalysts scheduled for publishing. Also likely to have ch
Leer más »
USD/CAD slides below 1.3600 as Oil grinds higher, focus on Fed updates, key US dataUSD/CAD grinds lower as it prints mild losses while refreshing intraday bottom near 1.3565 during early Wednesday morning in Europe. In doing so, the
Leer más »