Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected
The personal consumption expenditures price index was projected to show an annual gain of 3.7% on headline and 3.3% for core, according to the Dow Jones consensus.
TL;DR
- Core PCE inflation for August was 3.0% annually.
- This figure was lower than the projected 3.3%.
- Headline PCE inflation was also lighter than expected.