1.
U.S. markets recover from steep losses
DALLAS, Sept. 29 (UPI) -- The head of the Federal Reserve Bank of Dallas says fresh data indicate U.S. inflation may be declining.
Richard Fisher said in a news release Friday that the so-called trimmed mean personal consumption expenditure inflation rate fell to 2.5 percent in August from 3.2 percent in July.
"This reduction in the trimmed mean PCE is the first encouraging sign that inflation pressures in the U.S. economy are beginning to abate," Fisher said. "And though we appear to be on the right path, we would like to see reductions in other broad inflation measures as well."
The overall annualized PCE inflation rate for August was 2.9 percent, while the inflation rate for PCE, excluding food and energy, was 2.8 percent.
The Dallas Fed calculates the trimmed mean figure every month as an alternative measure of core inflation in the price index for the Commerce Department's PCE. The trimmed mean PCE is calculated using data from the Labor Department.
|
|
|
|
|
|
| Additional Business News Stories | |
CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
|
AVONDALE, La., May 23 (UPI) --
The seventh amphibious transport dock being built by Huntington Ingalls Industries for the U.S. Navy has completed builder sea trials.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
