Inflation Grows But Below Estimates of Fed’s Expectations

The Bureau of Economic Analysis (BEA) reported that inflation grew at a faster rate throughout August, possibly contributing toward the Federal Reserve’s decision to raise rates in mid-September. The Personal Consumption Expenditures (PCE) price index increased 0.3% on a monthly basis, a slight increase from July’s index increase of 0.2%. On a yearly basis, inflation…

The post Inflation Grows But Below Estimates of Fed’s Expectations appeared first on RISMedia.