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Fed’s Favorite Inflation Gauge Up 5.2% For Biggest Annual Gain Since 1983

Tiger Newspress2022-02-25

A key inflation measure showed that prices rose at their fastest level in nearly 39 years, the Commerce Department reported Friday.

The core personal consumption expenditures price index, the Federal Reserve’s primary inflation gauge, rose 5.2% from a year ago, slightly more than the 5.1% Dow Jones estimate. It was the highest level since April 1983.

Including food and energy prices, headline PCE was up 6.1%, the strongest gain since February 1982.

On a monthly basis, core PCE rose 0.5%, in line with estimates, while the headline gain was up 0.6%.

The same report showed that consumer spending accelerated faster than expected, rising 2.1% on the month against the 1.6% estimate. The spending increase reversed a 0.8% decline in December. Personal income was flat for the month, which was better than the expectation for a drop of 0.3%.

A separate report also brought more better than expected news: Orders for long-lasting goods jumped 1.6% in January, compared to the outlook for a 0.8% gain.

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Comment22

  • YJ Lee
    ·2022-02-28
    Ok
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  • CL777
    ·2022-02-28
    Ok
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  • Yamazaki月
    ·2022-02-28
    Like pls
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  • StarGate
    ·2022-02-27
    Expect the unexpected...fed coming up in March soon
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  • robot1234
    ·2022-02-27
    US now suffocating under sky high inflation after multi-year of QE and zero interest rate. Biden Administration will surely find ways to push the problem to other countries such as through manipulating the USD as the global reserve currency, and creating more Ukraine like crisis
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  • Gee1
    ·2022-02-27
    good
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  • th0mastan
    ·2022-02-26
    It will keep going higher with the rise in oil prices which affects almost everything from electricity, shipping cost of essential goods. Businesses are unlikely to absorb such a sharp increase
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  • TaiJin
    ·2022-02-26
    [Miser] 
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  • ANNIEPLTAN
    ·2022-02-26
    Market has ignored it - end strong 💚. Look forward to strong performance next week!
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  • SCLIEW
    ·2022-02-26
    666
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  • surfer guy
    ·2022-02-26
    Let's see what the FED talking heads will react to this....faster and more great hikes or still do it in control manner?
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  • SanWangtikup
    ·2022-02-26
    Thanks 
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  • BKT
    ·2022-02-25
    Good. Pls like thanks.
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  • BeRich
    ·2022-02-25
    Ok
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  • neoh
    ·2022-02-25
    Like
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  • neoh
    ·2022-02-25
    Like 
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  • lucidreams
    ·2022-02-25
    Huat liao
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  • DarkFate
    ·2022-02-25
    Like 
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  • lawrencegb
    ·2022-02-25
    Like
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  • Remotecam
    ·2022-02-25
    Overall the PCE report says business is better than expected.  Expect more stock rebound today.  Thank goodness.
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