|
To receive daily emails from Breaking Christian News to your inbox CLICK HERE
Inflation Lower than Expected, New BEA Report Reveals, Sparking Fed Rate-Cut Hopes"The slightly stale September inflation report shows that prices remained reasonably stable despite tariffs and healthy consumer spending. This probably provides further air cover for the Fed to cut rates in December." -Global X's head of investment strategy. Scott Helfstein
The BEA report for September, which had been delayed by the federal government shutdown, shows that the personal consumption expenditure (PCE) price index increased 0.3% from August. From the same month one year ago, the PCE price index for September increased 2.8%. More importantly, the Fed-favored "core" PCE price index, which excludes the volatile food and energy components, rose 2.8% over the past 12 month. Market analysts had expected a 2.9% matching August's increase from July. The core PCE price index increased 0.2% in September, compared to a month earlier. "The slightly stale September inflation report shows that prices remained reasonably stable despite tariffs and healthy consumer spending. This probably provides further air cover for the Fed to cut rates in December," Global X's head of investment strategy. Scott Helfstein, told CNBC. The PCE price index, released each month in the Personal Income and Outlays report, reflects changes in the prices of goods and services purchased by consumers in the United States. Quarterly and annual data are included in the GDP release. Personal income and outlays data for the months of July, August, and September 2025 will be updated with the initial estimate of Gross Domestic Product for the third quarter of 2025 on December 23, 2025. Subscribe for free to Breaking Christian News here 
To receive daily emails from Breaking Christian News to your inbox CLICK HERE
Other Recent Articles from Breaking Christian News 'Melania' Film a Huge Success, Shocking Hollywood Press on Opening Weekend Give Him 15: Sanctifying the Night with the 'Big Ben Moment' of Prayer for America Trump Issues Executive Order to Expedite Rebuilding after Los Angeles County Wildfires CA, NY Set to Lose Congressional Seats after Mass Migration to Southern States NYC Democrat Wants Newsmax Banned in Taxis DHS: 6,947 Criminal Illegal Aliens Released into NY Since Jan. 20, with Thousands More to Come President Trump's HHS Rescinds Biden-Era Abortion Pill Rule That Forced Pharmacies to Supply It Shocking Email from Epstein Files Implicates Former US Ambassador, Clintons, Bidens, and More First Lady: 'Melania' Documentary Movie is 'Emotional,' 'Cinematic' A Different Kind of Classroom Is Outperforming Expectations School Fires 'Character Coach' after Atheists Complain Marine Vet Missionary Killed During Facebook Marketplace Meetup Sent Heartbreaking Text Before Death Maximum Pressure on Iran as US Military Positions for Strikes Bill and Hillary Clinton Contempt Vote Set for Next Wednesday Don Lemon Arrested for Role in Church Service Disruption by Anti-ICE Activists Nicki Minaj? Creed? Who Will Headline Turning Point USA's Rival Super Bowl Halftime Show? 'Trump Accounts' Savings for Kids: How They Work and Who Is Eligible Here's Why Many Say the Ilhan Omar Assault Was Staged VIDEO: Alex Pretti Attacked Federal Agents' SUV 2 Weeks Before His Death |
Subscribe to
|
[
All articles on this site and emails from BCN are copyrighted property of Breaking Christian News. Permission is given to link to, or share a BCN story if proper attribution is given to both the original writer and summarizer of the story. Breaking Christian News 2005-2019. All Rights Reserved.
Breaking Christian News is a division of Elijah List Publications, Inc. All Rights Reserved
Disclaimer: Articles and links, as well as the source articles linked to; do not necessarily reflect the opinion of Breaking Christian News.
| Home | Store | Subscribe | Facebook | Article Archive |