Inflation Metrics and Market Reaction
The August data shows a decrease in core PCE inflation to 3.9% year-over-year for the first time since September 2021.
This is seen as a positive by investors who were already in buying mode this morning prior to the release of the inflation data.
The decline in corePCE could serve as another ‘good’ report that might ease some of the Federal Reserve-induced market anxiety.
The impact of Essential Needs on August’s Inflation Numbers In August, inflation rose by 0.4% as indicated by the PCE price index, based on the report.
Americans allocated more funds to essential needs like gas, housing, labor, and medical care rather than discretionary items such as
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