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WASHINGTON, Nov. 29 – The US Federal Reserve's inflation-targeting measure remained faithful to its target last month, another sign that, for now, price pressure remains moderate, according to published government data. aujourd & # 39; hui.
The Commerce Department's report also showed that Americans were investing in their economies to fund a spending spree in October, with the largest spending being spent on prescription drugs and utilities such as electricity and gas. .
The acceleration of spending should support continued GDP growth in the last quarter, which contains the crucial holiday period, after a slowdown in purchases between July and September.
Moderate inflation may encourage investors by easing the pressure on the Fed to continue to raise interest rates steadily.
Markets rebounded yesterday after a speech by Fed Chairman Jerome Powell was seen as a sign that the central bank was approaching the end of the tightening cycle.
The personal consumption expenditure price index, the Fed's preferred measure of inflation, rose 0.2% from September, a tenth of a point less than the previous month.
When food and fuel prices were removed, the "core" PCE index rose only 0.1%, less than September's (+ 0.2%), and below economists' expectations. .
In the past 12 months, the total index rose 2% for the second month in a row, in line with the Fed's target, while the core slowed from a tenth to 1.8%.
Consumer spending has risen the most since March, rising 0.6% to US $ 14.2 trillion (RMB 59.4 billion), but this is higher than revenue growth. , which rose 0.5% to $ 17.8 billion.
The revenue increase, the fastest since January, is mainly due to higher worker wages and government benefits.
But spending has pushed the savings rate to its lowest level in 10 months. – AFP
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