US PCE inflation rises to 4.3%
Fed’s preferred rate reaches new high in August, but “trimmed” measure steady at 2%
Personal consumption expenditure (PCE) inflation rose in August 2021, marking the second consecutive increase in the Federal Open Market Committee’s preferred inflation measure.
The Bureau of Economic Analysis recorded PCE inflation at 4.3% for August, up from 4.2% in July and 4% in June.
Though the headline figure is well above the FOMC’s 2% target, other data suggests that certain volatile items are producing much of the inflationary pressure. PCE inflation minus food and energy prices was
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