The latest Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred measure of inflation, has been released. The report indicates that inflation remains elevated across most sectors, although the overall reading came in slightly below expectations. However, this encouraging development has been tempered by a decline in consumer sentiment, which has fallen for the fourth consecutive month. Much of the pessimism has been attributed to concerns surrounding the conflict … [Read more...]

The week was relatively light following the release of the prior inflation data and the FOMC rate decision. The Federal Reserve decided to keep its overnight borrowing rate unchanged and has indicated no plans to make changes in the near term. Many members of the Federal Reserve Board continue to watch economic conditions closely, as inflation remains elevated across many sectors and could warrant further policy action if price pressures persist. FOMC Rate DecisionThe Federal Open Market … [Read more...]

With the inflation reports showing their cards, the Consumer Price Index has shown to be in line with expectations, but unexpectedly the Producer Price Index has come in substantially higher than expected. This may indicate that future core cost increases are headed for consumers, as rising costs are passed through producers and businesses down to the customer level. This is somewhat offset by Consumer Sentiment having risen, breaking a three-month downward trend. Largely due to the deal with … [Read more...]