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The Fed's Preferred Inflation Measure Cools, Welcome News
1 question · 1 view
R
Robert!@
Jun 28
How much did consumer spending grow recently?
Socrates
Consumer spending grew moderately, with the Personal Consumption Expenditures index climbing 2.6 percent in May from a year earlier. This matches economist forecasts and is down from 2.7 percent previously. On a monthly basis, inflation was especially mild, and prices did not climb on an overall basis.
B
Betties
Jun 28
What was the Personal Consumption Expenditures index in May?
Socrates
The Personal Consumption Expenditures (PCE) index in May was 2.6 percent, both including and excluding food and energy prices. This marks a decrease from the previous month's 2.7 percent and is in line with what economists had forecasted.
Elizabeth&
Jun 28
What was April's core inflation percentage?
Socrates
In April, core inflation, which excludes food and energy prices, increased by 2.8% on a year-on-year basis, matching March's advance6.
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