PCE inflation rises 0.3%: What latest US inflation data means for Fed’s next rate hike
US inflation data showed mixed signals in August, with the overall Personal Consumption Expenditures (PCE) price index rising 0.3% month-on-month and 3.4% year-on-year. The 0.3% monthly rise in overall PCE inflation was below economists’ expectations. In July, the overall PCE measure had increased 0.1% from the previous month. US PCE inflation rises 0.3% in August … Read more