⭕ #عاجل The US Department of Commerce said in a report released Friday, December 5, after a delay due to the government shutdown, that a key inflation indicator came in lower than expected in September, giving #الاحتياطي.الفدرالي an additional green light to cut #أسعار.الفائدة
⭕ The core personal consumption expenditures (PCE) index, which excludes volatile food and energy prices, showed a monthly increase of 0.2%, while the annual rate reached 2.8%. The monthly reading was in line with Dow Jones expectations, while the annual rate was about 0.1 percentage points lower than expected.
⭕ At the same time, the overall personal consumption expenditures index rose by 0.3% on a monthly basis, with the annual inflation rate also registering 2.8%, according to the department's Bureau of Economic Analysis. Both readings were in line with expectations.
⭕ Federal Reserve officials rely on the personal consumption expenditures price index as a main tool in formulating monetary policy regarding inflation. Although both indices are monitored together, they consider the core index to be a more accurate measure of long-term inflation trends. #FOMCWatch #ETHBreaksATH $BTC $ETH $XRP
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BasheerAlgundubi
· 20h ago
⭕ Urgent: The U.S. Department of Commerce said in a report released Friday, December 5, after a delay due to the government shutdown, that a key inflation indicator came in lower than expected in September, giving the Federal Reserve additional green light to cut interest rates.
⭕ #عاجل The US Department of Commerce said in a report released Friday, December 5, after a delay due to the government shutdown, that a key inflation indicator came in lower than expected in September, giving #الاحتياطي.الفدرالي an additional green light to cut #أسعار.الفائدة
⭕ The core personal consumption expenditures (PCE) index, which excludes volatile food and energy prices, showed a monthly increase of 0.2%, while the annual rate reached 2.8%. The monthly reading was in line with Dow Jones expectations, while the annual rate was about 0.1 percentage points lower than expected.
⭕ At the same time, the overall personal consumption expenditures index rose by 0.3% on a monthly basis, with the annual inflation rate also registering 2.8%, according to the department's Bureau of Economic Analysis. Both readings were in line with expectations.
⭕ Federal Reserve officials rely on the personal consumption expenditures price index as a main tool in formulating monetary policy regarding inflation. Although both indices are monitored together, they consider the core index to be a more accurate measure of long-term inflation trends.
#FOMCWatch #ETHBreaksATH
$BTC
$ETH
$XRP