Page 14 - Pce News Today

Inflation ticked up a tenth of a percentage point to 3.5% for the year ending in August, as measured by the personal consumption expenditures price index, the gauge favored by the Federal Reserve.

It’s been a tough quarter for investors, with interest rates soaring to levels not seen in over a decade.

On Friday, the S&P 500 dropped 0.2%, capping off its worst week since March.

What investors will be watching over the next seven days

July’s PCE headline and core inflation both ticked higher but in line with analyst predictions.

U.S. consumer spending in July increased by 0.8%, exceeding economists forecast of 0.7%. However, slowing inflation has led to expectations that the Federal Reserve will keep interest rates unchanged next month. The economy grew at a rate of 2.1% in the second quarter, largely due to consumer spending. Despite a cooling labor market, job openings remain low and employers are retaining workers.

Gold and silver prices were unmoved near 1-month highs Thursday after US PCE inflation came in matching analyst forecasts after world No.2 economy China reported weak PMI numbers

Forum For Peoples Collective Efforts (FPCE) President Abhay Upadhyay has written a letter to Union Housing and Urban Affairs Minister Hardeep Singh Puri, expressing concerns on some of the recommendations made by Amitabh Kant-led committee that was constituted to examine the issues related to legacy stalled projects.

A slew of economic data this week could decide if stocks storm into September or limp.

Some economists think inflation might subside for awhile but flare up early next year as the economy powers ahead, slamming into the presidential election