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The Marked Chart Wire · Economy and the Fed
Inflation
The Dallas Federal Reserve's trimmed mean PCE price index rose 2.8 percent annualized in September, up from 2.0 percent in August.
Part of a series: US inflation data and expectations tighten through October
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Inflation
The September PCE price index rose 0.5 percent month over month and 3.6 percent year over year. Core PCE increased 0.3 percent monthly and 3.1 percent annually, both in line with estimates.
Fed
The president stated that the Federal Reserve is reluctant to reduce interest rates.
Mortgage Rates
Freddie Mac data shows the average cost for a thirty-year home loan dropped to 7.24 percent. This marks the second straight weekly decrease, aided by lower Treasury yields, though costs remain high compared to last year.
Fed
Larry Hassett stated that the Federal Reserve will likely respond if October inflation data comes in significantly higher than expected.
ECB
The European Central Bank kept its deposit facility rate unchanged at 2.5 percent in October, matching market expectations and the previous level.
HotGDP
GDP expanded at a 3.4 percent annualized rate, beating the 3.2 percent estimate. Annual PCE inflation reached 3.6 percent in September, matching expectations but remaining above the Federal Reserve's 2 percent goal.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.