Group 1 - The Federal Reserve's preferred inflation gauge, Personal Consumption Expenditures (PCE) inflation, rose 2.7% in August year-over-year, up from 2.6% in July [1] - Core PCE, which excludes food and energy prices, remained unchanged at 2.9% for August [1] - Consumer inflation also increased to 2.9% in August according to the Consumer Price Index [5][6] Group 2 - The Federal Reserve recently cut interest rates by a quarter point to a range of 4% to 4.25%, marking its first cut since December 2024 [2] - Markets are anticipating another quarter-point cut at the Fed's upcoming meeting in October [2] - Analysts believe that despite inflation being above the Fed's 2% target, the central bank is likely to proceed with further rate cuts due to stable inflation conditions [3]
Fed's preferred inflation gauge rises 2.7% in August
New York Post·2025-09-26 13:04