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Fed Chair Powell Sees August PCE Rising 2.7%, Core PCE at 2.9%

Jerome Powell projects modest inflation growth in August, with core PCE slightly outpacing the overall index.

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Terms & Concepts
  • Personal Consumption Expenditures (PCE) Index: A key measure of consumer spending and inflation in the U.S., reflecting changes in the prices of goods and services purchased by consumers.
  • Core PCE: The PCE index excluding volatile food and energy prices, used to gauge underlying inflation trends.