Key inflation gauge shows prices eased in August
STORY: The battle to tame U.S. inflation crossed a milestone on Friday as data showed the annual rise in prices – excluding food and energy – dropped below 4% last month for the first time in more than two years.
That’s welcome news for the Federal Reserve after 18 months of aggressive rate hikes to bring down prices.
The personal consumption expenditures price index – the Fed’s preferred gauge of inflation – showed that while some inflationary pressures remain, the so-called core PCE – which strips out volatile food and energy prices – rose 3.9% last month on an annual basis, marking the first time since June of 2021 that it was below 4%.
Overall, the annual inflation rate in August stood at 3.5% – which was up slightly from July due to rising oil prices.
The Federal Reserve is aiming for a 2% annual inflation rate.
The Fed kept interest rates unchanged after its meeting last week, but signaled a hawkish tone as it weighs another potential rate hike before year’s end.
Financial markets, however, currently expect the Fed will again keep rates unchanged at its next meeting at the end of October.
Other data from the Commerce Department on Friday showed a rise in consumer spending last month – due in part to the surge in gas prices.
Consumer spending accounts for more than two-thirds of U.S. economic activity. Economists expect it to be strong for the third quarter overall, with third-quarter GDP estimates currently as high as a 4.9%, more than double the second-quarter’s annual GDP rate of 2.1%.
相關影片推薦
- 2:05中橫墜崖後火燒車 男失蹤2個月尋獲陳屍車旁華視影音30,592 次觀看・11 小時前
- 1:46青年呼籲黃國昌出來打球 黃:昨天真的累翻了!|#鏡新聞鏡新聞11,073 次觀看・10 小時前
- 2:21波士尼亞森林藏巨型「神祕石球」如童話森林仙境 年吸數千遊客Yahoo奇摩(國際通)3,523 次觀看・14 小時前
- 1:44史上最小米其林餐廳 墨西哥塔可店「沒有祕訣」專注品質 成功摘星Yahoo奇摩(國際通)8,911 次觀看・14 小時前
- 1:48詭! 女子90度低頭「呆站不動」目擊民眾:她眼睜好大東森新聞影音104,257 次觀看・2 天前
- 1:3360歲婦常豆腐乳配吐司 長期營養不均害腦病變東森新聞影音66,724 次觀看・1 天前
- 3:27四叉貓揪團朝聖徐巧芯家 松信選民怒喊:看到「九百芯」覺得丟臉民視影音24,140 次觀看・13 小時前
- 1:05BABYMONSTER唱跳BLACKPINK這首歌! 「現場音樂設備出問題」她們完全不慌張實力超強娛樂星聞4,014 次觀看・1 天前
- 0:59初選後遺症?民眾喊罷免徐巧芯!周永鴻:費粉積怨已久!民視影音5,840 次觀看・6 小時前
- 1:33斑馬線腳踏車禁入!屏東男挨撞吃罰單 還得賠10萬TVBS新聞網影音56,501 次觀看・1 天前
熱門必看
- 1:03湯唯與孔劉劇照曝光 兩人笑臉盈盈好養眼娛樂星聞40,741 次觀看・3 天前
- 3:01甜點、便當通通只要日幣XXX元! 網友實測LAWSON 100有多好逛Yahoo創作摩人31,561 次觀看・1 週前
- 12:47【不夠善良的我們】大結局解析+討論 照顧情敵的原因?何瑞之到底愛不愛老婆?許瑋甯也太會演了吧!Ki笑人生80,036 次觀看・1 週前
- 12:582024買不起房,都是自己害的?近30年台灣房價都不會下跌,未來房子只會越來越小 ft.游庭皓SHIN LI59,291 次觀看・1 週前
- 9:14【爆球連發】" OS特化扳機 !! " OS-109 獨角獸 開箱測試雷達之星13,095 次觀看・4 天前