inflation

Government shutdown likely means no inflation data next month for 1st time in decades

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First time in decades: Government shutdown likely to cause absence of inflation data next month Due to the government shutdown, the inflation report may not be released next month for the first time in over seven decades, affecting Wall Street and the Federal Reserve. Most inflation data is collected in person, but the shutdown has … Read more

Fed’s favored inflation gauge accelerates slightly in August

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Federal Reserve’s preferred measure of inflation sees marginal acceleration in August In August, the Federal Reserve’s preferred inflation gauge, the personal consumption expenditures (PCE) price index, rose 2.7% from a year earlier, slightly higher than July’s 2.6% increase. Core PCE inflation, excluding food and energy prices, also showed a 2.9% rise, in line with expectations. … Read more