{"id":195664,"date":"2023-08-31T10:00:00","date_gmt":"2023-08-31T14:00:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=195664"},"modified":"2023-08-31T12:08:36","modified_gmt":"2023-08-31T16:08:36","slug":"feds-favored-inflation-gauge-matches-expectations-july-pce-price-index-inches-up-to-3-3","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/feds-favored-inflation-gauge-matches-expectations-july-pce-price-index-inches-up-to-3-3\/","title":{"rendered":"Fed&#8217;s Favored Inflation Gauge Matches Expectations: July PCE Price Index Inches Up To 3.3%"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-zinger-key-points\">ZINGER KEY POINTS<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The PCE price index rose from 3% to 3.3% year-on-year in July, matching economists&#8217; projections.<\/li>\n\n\n\n<li>Similarly, core PCE inflation matched market estimates, coming in at 4.2% year-on-year in July.<\/li>\n<\/ul>\n\n\n\n<p>The Federal Reserve\u2019s favored inflation measure, which can encompass a broad array of consumer expenses, experienced a slight increase last month from its lowest&nbsp;<a href=\"https:\/\/www.benzinga.com\/economics\/macro-economic-events\/23\/08\/34120230\/feds-top-inflation-gauge-drops-thursday-why-you-need-to-watch-the-pce-price-index\" target=\"_blank\" rel=\"noreferrer noopener\">levels in over two years<\/a>.<\/p>\n\n\n\n<p>In July, the year-on-year increase in the Personal Consumption Expenditure (PCE) price index reached 3.3%, surpassing the 3% figure for June and matching economists\u2019 projections of 3.3%, according to data released by the Bureau of Economic Analysis Thursday.<\/p>\n\n\n\n<p>The PCE price index recorded a monthly advancement of 0.2%, matching projections and maintaining the same pace observed in June.<\/p>\n\n\n\n<p>The core PCE price index, which excludes volatile food and energy items and is closely monitored by the Federal Reserve to reveal underlying inflation trends, exhibited a marginal uptick from June\u2019s 4.1% to 4.2% in July, matching economists\u2019 estimates.<\/p>\n\n\n\n<p>Similarly, on a monthly basis, the core PCE price index also saw a 0.2% increase, mirroring June\u2019s rise and aligning with projected outcomes<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted August 31, 2023 &#8211; <a href=\"https:\/\/www.benzinga.com\/news\/econ-s\/23\/08\/34141908\/feds-favored-inflation-gauge-matches-expectations-july-pce-price-index-inches-up-to-3-3\">Fed&#8217;s Favored Inflation Gauge Matches Expectations: July PCE Price Index Inches Up To 3.3%<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Reserve\u2019s favored inflation measure, which can encompass a broad array of consumer expenses, experienced a slight increase last month from its lowest levels in over two years.<\/p>\n","protected":false},"author":1128,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18,6,8,9,26,3],"tags":[77,570,12828],"contributors-categories":[13584],"class_list":{"0":"post-195664","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-macro","7":"category-north-america","8":"category-region","9":"category-securities","10":"category-text-articles","11":"category-traders-insight","12":"tag-fed","13":"tag-inflation","14":"tag-the-core-pce-price-index","15":"contributors-categories-benzinga"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Fed&#8217;s Favored Inflation Gauge Matches 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