personal consumption expenditures (PCE) price index
Coverage of personal consumption expenditures (PCE) price index in the Nexus archive.
- Fed leaves interest rate unchanged but with 3 dissents as Warsh praises ‘good family fight’
The Federal Reserve maintained its key interest rate at 3.6% despite high inflation and rising energy prices linked to the Iran war. The 9-3 decision included dissents from three regional Fed presidents, with Chair Kevin Warsh acknowledging the vote as a 'good family fight.' Market expectations for a September rate hike increased to 76%.
- Asian stocks are mixed after big tech sell-off
Asian stocks were mixed following a global tech sell-off, with South Korea's Kospi and Japan's Nikkei 225 experiencing declines. U.S. tech stocks like Micron Technology and Nvidia also fell sharply, contributing to market volatility. Oil prices dropped as progress in U.S.-Iran talks eased supply concerns.
- Inflation spikes to 3.5 percent in March as Iran war drove prices higher
Inflation in the U.S. rose to 3.5 percent in March, driven by the war in Iran, according to the Commerce Department. The annual rate increased from 2.8 percent, as measured by the personal consumption expenditures (PCE) price index.