Investment Updates
S&P 500 Index Lost 2.4% In 3Q2023; Latest Inflation And Economic News
Published Friday, September 29, 2023 at: 7:07 PM EDT
Excluding energy and food prices, inflation rose by a scant one-tenth of 1% in August, as measured by the Federal Reserve Board’s preferred inflation benchmark. However, because gasoline prices rose sharply in August, the PCED index of inflation -- including energy and food expenses -- rose in August by four-tenths of 1%.
Released Friday morning by the Bureau of Economic Analysis, the monthly PCED report shows the 12 rate hikes implemented by the Fed since March 2021 have snuffed out the high-inflation mindset that peaked 18 months ago.
©2023 Advisor Products Inc. All Rights Reserved.
More articles
- Where The Boom No One Expected Gets Its Legs
- Latest On Inflation, Consumer & Business-Owner Optimism
- Slower Growth But Economic Outlook Remains Bright
- Labor Market And Inflation Drove Stocks Higher
- Costlier Homes Expected To Appreciate 4% Annually For The Next Five Years
- Leading Economic Index Falls For 16th Straight Month
- Tax-Sensitive Investment Planning In 2023
- A Healthy Recipe For Growth Is Simmering
- Good News About The U.S. Economy
- The New Bull Market Has Broadened
- An Economy Goldilocks Would Definitely Live With
- Monthly Pace Of New-Job Creation Slowed In June, Which Is Good News
- Standard & Poor's 500 Gained 9.9% In Q2 2023
- This Week’s News For Investors
- This Week’s News For Investors Is Very Good