Latest News

Economic Report: Coming up: PCE inflation and consumer spending


The PCE inflation gauge preferred by the Federal Reserve is forecast to rise 0.7% in May. The core rate, which excludes food and gas, is seen increasing 0.4%. The 12-month rate of increase in the PCE is expected to rise slightly from 6.3% in the prior month, but the yearly gain in the core rate could slip to 4.8% from 4.9%.

Consumer spending is forecast to climb 0.4% — below the rate of inflation. Personal income is estimated to have risen 0.4%.

The report comes out at 8:30 a.m. Eastern. In premarket action, the Dow Jones Industrial Average

and S&P 500

were set to fall sharply in Thursday trades.

Tech stocks are having their worst year ever. Here’s what history says happens next: Morning Brief

Previous article

: Institutional investors have bought hundreds of thousands of homes, many in Black communities. Critics say it’s creating a ‘generation of renters’

Next article

You may also like


Leave a reply

Your email address will not be published.

More in Latest News