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U.S. PCE inflation rose in September, New York Times reports
The New York Times reported Thursday that the Personal Consumption Expenditures price index rose 0.5 percent in September and 3.6 percent from a year earlier, a day after the Federal Reserve held rates steady.
- New headline Was: “Inflation Accelerated in October, PCE Index Shows”
- Our desk filed its story
Based on reporting by New York Times
The New York Times reported Thursday that U.S. consumer prices, as measured by the Personal Consumption Expenditures index, rose 0.5 percent in September from August and 3.6 percent from a year earlier, according to Bureau of Economic Analysis figures it cited1.
The newspaper said core PCE, excluding food and energy, rose 0.3 percent from the prior month and 3.1 percent year over year, matching the August month-to-month core reading it cited1.
The Times said the data arrived a day after Federal Reserve officials voted 10-2 to leave rates unchanged, with two officials, including Gov. Lisa D. Cook, preferring an increase, and that investors expect another hike could come in December1.
The Times attributed some of this year's price pressure to energy-market disruption tied to the war with Iran and said Fed Chair Kevin M. Warsh described the economy as strong while calling inflation still elevated1.
