US Personal Spending m/m

Inflation in the Federal Reserve’s preferred price gauge eased in January after making steady increases throughout the fall. The personal consumption expenditures (PCE) price index increased by 0.3 percent in January, easing to a 2.5-percent annual increase from 2.6 percent in December. The moves were in line with economists’ expectations. “This is about the only inflation indicator this month where the Fed can find some refuge,” Olu Sonola, economist with Fitch Ratings, wrote in an analysis. Concerns about resurgent inflation have ...

U.S. PCE inflation heated up a touch in October, in-line with our forecasts and the consensus. PCE inflation increased 0.238% in October up from 0.180% in September with the year-on-year inflation rate increasing to 2.3% from 2.1% in the prior month. Core PCE inflation, the Federal Reserve’s preferred measure of consumer inflation, increased 0.273% at the three-digit level up from 0.261% in September with the year-on-year inflation rate inching up to 2.8% from 2.7% in September and 2.6% in June (the low for the year). No surprises on ...

US inflation figures in the coming week that are seen showing stubborn price pressures will reinforce the Federal Reserve’s cautionary posture toward future interest-rate cuts. The personal consumption expenditures price index excluding food and energy — the Fed’s preferred measure of underlying inflation — is projected to have risen by 0.3% in October from September, and by 2.8% from a year earlier, in what would be the largest advance since April. The report is also expected to reveal resilient household spending and steady income ...

The sugar-high for American consumers continues amid rising employment, incomes and wealth. And, with the Fed still poised to cut rates next week, shoppers should remain energized for some time. Personal spending jumped 0.5% in September, more than expected, and the monthly pace doubled to 0.4% in real terms, suggesting strong momentum heading into Q4 after an annualized 3.7% gain in Q3. Goods spending led the way, though services were also decent, even for discretionary items such as accommodations and food services. A strong job ...