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Open original source ↗US PCE data is out.
The Fed’s favorite monthly inflation measure was better than expected for core (0.2%) and in line at the headline level (0.3%).
#economy #inflation #markets
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Good morning. A busy week of US economic data continues this morning with what's traditionally seen as the Fed’s favorite inflation gauge: August PCE. Consensus expects headline and core PCE to have risen 0.3% in August, putting annual rates at 3.7% and 3.3%, respectively (both unchanged from July). Also watching income and spending data this morning ahead of Friday’s jobs report. #economy #markets #inflation #federalreserve
elerianm ↗