The Federal Reserve paid attention to inflation indicators, and the PCE price index actually decreased month by month in the first year. Dangle PCE index increased by 0. 1% month-on-month, slightly slower than last month. Economists' data on core growth expectations is lower than that since last year 10. This can reflect the huge impact of inflation that people face in real life. There is still a long way to go before the Fed's goal. No matter what the current economic trend is, the impact of inflation on people is obvious. The market reiterated that raising interest rates is to curb the impact of inflation, but there is a certain period for raising interest rates, and it is impossible to raise interest rates endlessly. Therefore, a series of national policies aimed at raising interest rates will also have other effects. At the same time, the increase in interest rates only temporarily curbed the rise in prices in form.
Shortly after the data was released, the three major stock index futures of US stocks all turned from falling to rising. The PCE price data of the slowdown in consumer spending is undoubtedly another data of the peak of inflation in the United States. Before the PCE data was released, the CPI and PPI data in July showed that the inflation rate in the United States had cooled down. First of all, although the current report shows that the US economy is more difficult than previous consumption in the third quarter, the strong labor market and wage growth expenses have also caused inflation to rise. Especially when the consumption scene is becoming more and more difficult, the mortgage interest rate has soared, leading to a sharp drop in real estate.