LOGIN BY Associated Press Listen to this ArticleMore info 0:00 / 0:00 The Federal Reserve's favored inflation gauge accelerated slightly in August from a year earlier. The Commerce Department reported Friday that its personal consumption expenditures (PCE) price index was up 2.7% in August from a year earlier, a tick higher from a 2.6% year-over-year increase in July and the most since February. Prices rose 0.3% from July, compared to a 0.2% increase the month before. Core prices rose 0.2%, the same as ...

🇺🇸 JUST IN: Markets now see an 89.8% chance of a Fed rate cut to 3.75–4.00% at the October 29 meeting. https://t.co/HIc9PIvXwa ...

US stocks snapped a three-day losing skid on Friday as the Federal Reserve’s preferred inflation gauge grew at a marginally slower pace last month, helping keep interest-rate cut expectations intact https://t.co/ys3Tt9d9HJ ...

Core Inflation and Consumer Spending - The PCE price index increased by 2.7% in August year-over-year, up from 2.6% in July, marking the highest increase since February [1] - Core PCE inflation, excluding food and energy, remained at a 2.9% increase from August 2024, consistent with July's figures [2] - Inflation-adjusted consumer spending rose by 0.4% from July, driven by a 0.7% increase in goods spending, while services spending only increased by 0.2% [3] Federal Reserve Actions and Economic Context - The Federal Reserve has raised its benchmark interest rate 11 times in 2022 and 2023 due to rising inflation, which remains above the 2% target [4] - Recently, the Fed reduced rates for the first time this year to support a weakening job market, while being cautious about further cuts due to potential impacts from tariffs [4] - The Fed prefers the PCE inflation gauge over the consumer price index as it accounts for changes in consumer shopping behavior during inflationary periods [6]

Chile’s central bank said there are inflation risks that “should not be ignored or downplayed” and that any moves to its interest rate require a careful analysis, according to the minutes to its last policy meeting https://t.co/2dfPB7QUmo ...

Core Insights - The article discusses the highest fixed deposit (FD) interest rates offered by major banks in India, highlighting competitive rates for both general and senior citizens [5][6] Summary by Bank - **State Bank of India (SBI)**: Offers FD interest rates ranging from 3.05% to 6.60% for general citizens and 3.55% to 7.10% for senior citizens, with the highest rates available for a tenure of 444 days [5][6] - **HDFC Bank**: Provides FD interest rates between 2.75% and 6.60% for general citizens and 3.25% to 7.10% for senior citizens, with the highest rates applicable for a tenure of 18 months to less than 21 months [5][6] - **ICICI Bank**: Offers FD interest rates from 2.75% to 6.60% for general citizens and 3.25% to 7.10% for senior citizens, with the highest rates available for tenures of 2 years 1 day to 10 years [5][6] - **Punjab National Bank (PNB)**: Provides FD interest rates between 3.00% and 6.60% for general citizens and 3.50% to 7.10% for senior citizens, with the highest rates available for a tenure of 390 days [5][6] - **Bank of Baroda (BoB)**: Offers FD interest rates ranging from 3.50% to 6.60% for general citizens and 4.00% to 7.10% for senior citizens, with the highest rates applicable for a tenure of 444 days [5][6] Market Context - The article emphasizes that fixed deposits remain a reliable investment avenue for safe and assured returns, especially as investors monitor interest rate movements [5][6]

Thailand’s central bank could deliver a larger interest-rate cut in October to curb the strengthening baht, Citigroup says https://t.co/3buQEjlDVg ...

Bitcoin hovered above $111K as markets awaited crucial U.S. inflation data that could determine the Fed's next interest rate decision.Read more: https://t.co/j718BrmIjk ...

Economic Growth & Indicators - US economy grew at the fastest pace in nearly two years, driven by consumer spending [1] - GDP revised up to 38%, fueled by consumer and business spending [6] - Durable goods orders increased by 29%, primarily due to airplanes, while computer and computer chip orders decreased [4][5] - Jobless claims fell to 218000 [4] Federal Reserve Policy - Fed Governor Stephen Myron suggests the neutral rate is drifting down, requiring policy adjustment to avoid downside risks [2] - Some Fed members, like Austan Goolsbee, are hesitant to frontload rate cuts given the current economic conditions [6] - Jeff Schmitt views the current policy stance as only slightly restrictive and doesn't advocate for rate cuts, citing high inflation and a largely balanced labor market [7] Trade & Tariffs - Trade good balance shows the effect of tariffs, with a deficit of 855 billion due to a significant decrease in imports (over 4%) in July [5]

Treasury yields edged up to a three-week high as investors looked to US economic data and comments from Federal Reserve officials for clues on the interest-rate outlook https://t.co/iCf5qEgIXG ...