PCE inflation September 2023: Spending tops estimate
Inflation accelerated in September but consumer spending was even stronger than expected, according to a Commerce Department report Friday. The core personal consumption expenditures price index, which the Federal Reserve uses as a key measure of inflation, increased 0.3% for the month, in line with the Dow Jones estimate and above the 0.1% level for […]
Market Talk – October 26, 2023
ASIA: China kept its benchmark lending rates unchanged in line with market expectations during the monthly fixing. The one-year loan prime rate (LPR) remained at 3.45%, and the five-year LPR was steady at 4.20%. This decision was influenced by economic data indicating a stabilizing economy and a weaker yuan, limiting the need for further […]
