Thursday, November 28, 2024

Forecasts for October PCE Report Show Uptick in Inflation

Forecasts for October PCE Report Show Uptick in Inflation

Snippet of Article: "...In October, economists expect that the overall PCE Price Index rose 0.2% on a monthly basis and 2.3% on an annual basis, according to FactSet’s consensus estimates. Core PCE inflation, which excludes volatile food and energy prices, is expected to rise 0.29% on a monthly basis and 2.8% on an annual basis. ..."

Source: www.morningstar.com

Personal Consumption Expenditures Price Index (PCE),