Fed's preferred inflation gauge cooler than expected, likely delaying rate hike to December
The Federal Reserve's preferred inflation gauge in August came in cooler than expected -- likely delaying another interest-rate hike until December.


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The Federal Reserve's preferred inflation gauge in August came in cooler than expected -- likely delaying another interest-rate hike until December.

The Personal Consumption Expenditures price index showed little sign of easing in August.

The personal consumption expenditures price index was expected to rise 0.1% monthly and 3.6% on a 12-month basis, according to economists surveyed by Dow Jones.

May's personal consumption expenditure index, the Federal Reserve's preferred inflation gauge, rose 4.1% year to year, the highest level in three years. CBS Ne…

Inflation continued to rise in May, with the Personal Consumption Expenditures price index rising at an annual rate of 4.1%.

Excluding the volatile food and energy categories - which the Fed pays closer attention to - core prices rose 3.1%, up from 3% in the prior month and the highe…

Personal consumption expenditures inflation rose 2.7% in August over the past 12 months, according to data released Friday.

The personal consumption expenditures price index rose 0.1% for the month, pushing the annual inflation rate to 2.3%, according to the Bureau of Economic Analy…

Investors looked ahead to the latest reading of the personal consumption expenditures price index, due on Friday.

All three major averages are on track for sharp losses on the week.

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