Key US Inflation Gauge and Spending Pick Up in Solid Economy

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Key US Inflation Gauge and Spending Pick Up in Solid Economy

Bloomberg10-31

The Federal Reserve’s preferred measure of underlying US inflation posted its biggest monthly gain since April, bolstering the case for a slower pace of interest-rate cuts following last month’s ...

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Sasabbat
·10-31
It is always harder for the last few points to go down
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Vincentan59
·10-31
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Overall inflation was 2.1%, the lowest since early 2021 and just above the central bank’s 2% goal.</p><p>Inflation-adjusted consumer spending advanced 0.4%, supported by an 0.1% rise in real incomes. The savings rate fell to 4.6%.</p><p style=\"text-align: start;\">Thursday’s figures cap a month of upside surprises in key economic reports that will likely augur a cautious approach to interest-rate cuts in the months ahead. The Fed is widely expected to authorize a second reduction at the conclusion of its Nov. 6-7 policy meeting following an initial rate cut in September.</p><p style=\"text-align: start;\">Stock futures and the dollar remained lower following the release, and Treasury yields were little changed.</p><p style=\"text-align: start;\">Details of the September inflation numbers showed lingering price pressures in both goods and services. Services prices excluding housing and energy accelerated to 0.3%. Goods prices excluding food and energy rose 0.1%. Food prices were up 0.4%, the most since early this year.</p><p style=\"text-align: start;\">The spending data also point to ongoing consumer resilience, particularly for merchandise. Overall services spending, which makes up the bulk of household consumption, rose 0.2% in September. Goods spending advanced 0.7%, an area where many retailers have lowered prices to lure in shoppers.</p><p style=\"text-align: start;\">Wages and salaries rose 0.5% for a second month before adjusting for inflation, supporting spending. Growth in overall disposable income increased 0.3%.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Key US Inflation Gauge and Spending Pick Up in Solid Economy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKey US Inflation Gauge and Spending Pick Up in Solid Economy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-31 20:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-10-31/key-us-inflation-gauge-accelerates-consumer-spending-picks-up><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Federal Reserve’s preferred measure of underlying US inflation posted its biggest monthly gain since April, bolstering the case for a slower pace of interest-rate cuts following last month’s ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-10-31/key-us-inflation-gauge-accelerates-consumer-spending-picks-up\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2024-10-31/key-us-inflation-gauge-accelerates-consumer-spending-picks-up","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101231970","content_text":"The Federal Reserve’s preferred measure of underlying US inflation posted its biggest monthly gain since April, bolstering the case for a slower pace of interest-rate cuts following last month’s outsize reduction.The so-called core personal consumption expenditures price index, which strips out volatile food and energy items, increased 0.3% in September, and 2.7% from a year earlier, according to Bureau of Economic Analysis data out Thursday. Overall inflation was 2.1%, the lowest since early 2021 and just above the central bank’s 2% goal.Inflation-adjusted consumer spending advanced 0.4%, supported by an 0.1% rise in real incomes. The savings rate fell to 4.6%.Thursday’s figures cap a month of upside surprises in key economic reports that will likely augur a cautious approach to interest-rate cuts in the months ahead. The Fed is widely expected to authorize a second reduction at the conclusion of its Nov. 6-7 policy meeting following an initial rate cut in September.Stock futures and the dollar remained lower following the release, and Treasury yields were little changed.Details of the September inflation numbers showed lingering price pressures in both goods and services. Services prices excluding housing and energy accelerated to 0.3%. Goods prices excluding food and energy rose 0.1%. Food prices were up 0.4%, the most since early this year.The spending data also point to ongoing consumer resilience, particularly for merchandise. Overall services spending, which makes up the bulk of household consumption, rose 0.2% in September. Goods spending advanced 0.7%, an area where many retailers have lowered prices to lure in shoppers.Wages and salaries rose 0.5% for a second month before adjusting for inflation, supporting spending. 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Overall inflation was 2.1%, the lowest since early 2021 and just above the central bank’s 2% goal.</p><p>Inflation-adjusted consumer spending advanced 0.4%, supported by an 0.1% rise in real incomes. The savings rate fell to 4.6%.</p><p style=\"text-align: start;\">Thursday’s figures cap a month of upside surprises in key economic reports that will likely augur a cautious approach to interest-rate cuts in the months ahead. The Fed is widely expected to authorize a second reduction at the conclusion of its Nov. 6-7 policy meeting following an initial rate cut in September.</p><p style=\"text-align: start;\">Stock futures and the dollar remained lower following the release, and Treasury yields were little changed.</p><p style=\"text-align: start;\">Details of the September inflation numbers showed lingering price pressures in both goods and services. Services prices excluding housing and energy accelerated to 0.3%. Goods prices excluding food and energy rose 0.1%. Food prices were up 0.4%, the most since early this year.</p><p style=\"text-align: start;\">The spending data also point to ongoing consumer resilience, particularly for merchandise. Overall services spending, which makes up the bulk of household consumption, rose 0.2% in September. Goods spending advanced 0.7%, an area where many retailers have lowered prices to lure in shoppers.</p><p style=\"text-align: start;\">Wages and salaries rose 0.5% for a second month before adjusting for inflation, supporting spending. Growth in overall disposable income increased 0.3%.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Key US Inflation Gauge and Spending Pick Up in Solid Economy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKey US Inflation Gauge and Spending Pick Up in Solid Economy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-31 20:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-10-31/key-us-inflation-gauge-accelerates-consumer-spending-picks-up><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Federal Reserve’s preferred measure of underlying US inflation posted its biggest monthly gain since April, bolstering the case for a slower pace of interest-rate cuts following last month’s ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-10-31/key-us-inflation-gauge-accelerates-consumer-spending-picks-up\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2024-10-31/key-us-inflation-gauge-accelerates-consumer-spending-picks-up","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101231970","content_text":"The Federal Reserve’s preferred measure of underlying US inflation posted its biggest monthly gain since April, bolstering the case for a slower pace of interest-rate cuts following last month’s outsize reduction.The so-called core personal consumption expenditures price index, which strips out volatile food and energy items, increased 0.3% in September, and 2.7% from a year earlier, according to Bureau of Economic Analysis data out Thursday. Overall inflation was 2.1%, the lowest since early 2021 and just above the central bank’s 2% goal.Inflation-adjusted consumer spending advanced 0.4%, supported by an 0.1% rise in real incomes. The savings rate fell to 4.6%.Thursday’s figures cap a month of upside surprises in key economic reports that will likely augur a cautious approach to interest-rate cuts in the months ahead. The Fed is widely expected to authorize a second reduction at the conclusion of its Nov. 6-7 policy meeting following an initial rate cut in September.Stock futures and the dollar remained lower following the release, and Treasury yields were little changed.Details of the September inflation numbers showed lingering price pressures in both goods and services. Services prices excluding housing and energy accelerated to 0.3%. Goods prices excluding food and energy rose 0.1%. Food prices were up 0.4%, the most since early this year.The spending data also point to ongoing consumer resilience, particularly for merchandise. Overall services spending, which makes up the bulk of household consumption, rose 0.2% in September. Goods spending advanced 0.7%, an area where many retailers have lowered prices to lure in shoppers.Wages and salaries rose 0.5% for a second month before adjusting for inflation, supporting spending. Growth in overall disposable income increased 0.3%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":11,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}