year over year September PCE, core 3.6%year over year PCE The report stated that U.S. 3.1%
BIBIBI
AT A GLANCE
Reports said that the US September PCE price index rose at an accelerating pace, fueling investors’ expectations that the Federal Reserve may December raise interest rates again.
Article
United States September Inflation accelerates, Federal Reserve December Rate hike expectations intensify
BlockBeats reports that October 29, the United States September consumer price growth accelerated, which could further support the Federal Reserve raising interest rates again in December A report released Thursday by the U.S. Bureau of Economic Analysis showed that, as measured by the Personal Consumption Expenditures (PCE) Price Index,September prices rose 0.5%month over month and 3.6%year over year. The acceleration in price growth further indicates that inflation remains above the level desired by Federal Reserve officials. The Federal Reserve measures inflation using the PCE Price Index, with a long-term goal of keeping annual growth at around 2%. Core prices, excluding more volatile categories such as food and energy,September rose year over year, 3.1%and month over month. The month-over-month increase in core prices was also 0.3%。August. Previously, 0.3%days ago, Federal Reserve officials voted 1 to 10 to keep interest rates unchanged, with two officials voting against holding rates steady and advocating a rate hike. Investors expect Federal Reserve officials to raise rates again at the final meeting of the year held in 2 and potentially raise rates multiple times next year.
Original link December United States https://m.theblockbeats.info/flash/374411
Key points
01
price index rose month over month by September PCE and year over year by 0.5%The United States 3.6%。
02
core prices rose year over year by September and month over month by 3.1%. The month-over-month increase in core prices was 0.3%。
03
August The month-on-month increase in the core price was 0.3%。
04
Previously, Federal Reserve officials used 10 versus 2 vote result to decide to keep rates unchanged; two dissenters advocated a rate hike.
05
Investors expect the Federal Reserve may December raise interest rates again, and may raise them multiple times next year.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
PCE The price index is the Federal Reserve's inflation measure described in the article.September Overall and core prices continued to rise, while the Federal Reserve's long-term goal is to keep the annual increase at 2%around, leading investors to raise their expectations for subsequent rate hikes. However, market expectations do not mean that the Federal Reserve has already made a decision.
Why it matters to readers
Inflation data and interest-rate expectations are policy signals watched by the market; the data in the article showed that inflation remained above the Federal Reserve’s long-term target, prompting discussion of the December policy path.
Beginners should distinguish between data that have already been released, interest-rate votes that have already been completed, and investors’ forecasts of future rate hikes; forecasts must not be treated as certain outcomes.
Risks and unknowns
The evidence does not provide the U.S. Bureau of Economic Analysis’ original report content, so the data and any revisions cannot be independently verified.
Whether the Federal Reserve will raise rates in December or next year has not yet been determined.
The article does not specify the source of the survey or market indicator underlying investors’ expectations.
Related Developments
Loading event timeline…
Related concepts
PCE Price index
This term is not in the glossary yet. Browse related concepts in the glossary.
