PCE inflation cools to 0.2% year over year
Statements (3)
- Bullish
US August inflation rate was lower than expected, reducing the likelihood of the Federal Reserve raising interest rates in October.
- Bearish
US PCE core inflation rate in August was 0.2% year over year, below the expected 3.3%.
- Neutral
August PCE inflation data showed softer inflation than expected, giving markets some breathing room early Wednesday.