Core PCE, which excludes food and energy, recorded a slight increase to 2.8% annually, compared to 2.7% in September, while the month-on-month rise remained steady at 0.3%, meeting forecasts. These figures indicate a gradual rise in inflation, keeping markets and policymakers attentive.
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US PCE Inflation Sees Modest Uptick in October 2024
The Personal Consumption Expenditures (PCE) price index rose to an annual rate of 2.3% in October, up from 2.1% in September, aligning with market expec...
author: Ahura Chalaki
12
published:Nov 27, 2024 15:52
Reading Time:
1 minutescategory:fundamental

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