US Consumer Price Index Update: PCE Data Released
Monthly Growth: The US Personal Consumption Expenditure (PCE) index rose by 0.3% in September, matching expectations.
Revised Previous Data: August’s growth was revised upward from 0.1% to 0.2%.
Annual Growth: The PCE index increased by 2.7% year-over-year, consistent with August’s reading and above the expected slowdown to 2.6%.
Importance of PCE: The PCE index is a key inflation measure for the Federal Reserve, reflecting changes in consumer prices (excluding food and energy).
Market Focus: Attention is shifting to upcoming US labor market data and CPI releases, which will influence inflation expectations.
