Inflation Decline Strengthens Confidence In Fed's Interest Rate Cut: 'If You Were Second Guessing The Fed... You Aren't Now'

Benzinga · Sep 27 22:38

Friday's Personal Consumption Expenditures (PCE) Price Index report showed lower inflation in August than expected, which has economists cheering the results and their positive impact for consumers and the stock market.

What Happened:The Personal Consumption Expenditures Price Index is the preferred inflation gauge used by the Federal Reserve and may help determine if and when additional rate cuts will happen.

The PCE increased 2.2% year-over-year in August. The figure came in below the 2.3% estimate from analysts and below the 2.5% year-over-year increase reported in July.

Core PCE, which excludes food and energy from the data, was...

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Inflation Decline Strengthens Confidence In Fed's Interest Rate Cut: 'If You Were Second Guessing The Fed... You Aren't Now'

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