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Posts Tagged: “PCE“

July 10, 2025 Original Analysis

New Insights from the Fed’s Meeting Minutes: Market Expects Rate Cuts

Minutes from the Federal Open Market Committee’s June 17–18 meeting show policymakers content to hold their fire—for now. The Fed kept its benchmark federal-funds range at 4¼–4½ percent and left both the interest rate on reserve balances (4.4 percent) and the primary-credit rate (4.5 percent) untouched. Officials insisted that “recent indicators suggest that economic activity […]

April 30, 2025 Original Analysis

U.S. Economy Stumbles into Negative Territory Amid Rising Inflation and Imports

America’s economy contracted slightly in the first quarter of 2025, with real GDP slipping 0.3%, reversing from a solid 2.4% growth seen in the previous quarter. According to the advance estimate released by the Bureau of Economic Analysis (BEA), the downturn was largely driven by surging imports and reduced government spending. Despite underlying resilience in […]

February 19, 2025 Guest Commentaries

The Fed Can No Longer Ignore Stubborn Inflation

Last week’s inflation data confirms what many economists have been saying for months: the Fed’s inflation target is not achievable anytime soon. In fact, many economic signals suggest the opposite: inflation is here to stay, and even the Fed realizes it.

October 3, 2023 Original Analysis

Fed’s Favorite Inflation Measure Revised Higher

Price inflation has been even worse than advertised. Of course, you know that because you’ve lived it. But it is nice when the data crunchers swerve a little closer to reality. The Bureau of Economic Analysis did just that, revising its Personal Consumption Expenditure (PCE) data higher for the entirety of this inflation cycle.

April 3, 2023 Key Gold Headlines

Services Price Inflation at Highest Level Since 1984

Energy prices have moderated and the price of some goods has dropped in recent months, but the cost of services continues to rise at a red-hot pace and is at the highest level since 1984. As a result, the core personal consumption expenditures price (PCE) index rose by  4.6% year on year. This is yet […]

December 28, 2022 Key Gold Headlines

Fed’s Favorite Price Inflation Measure Comes in Slightly Hotter Than Expected

The Federal Reserve’s favorite inflation indicator came in slightly higher than expected for November. This is another indication that while price inflation appears to be easing some, the data indicates it is far from whipped.