00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Core inflation was little changed in August,
00:04with the personal consumption expenditures
00:05that next up 0.3% month over month,
00:08pushing annual headline inflation at 2.7%,
00:10according to CNBC.
00:12Core PCE, which excludes food and energy,
00:15rose 0.2% on the month
00:16and held steady at 2.9% year over year,
00:19matching forecasts.
00:20Personal income climbed 0.4%,
00:22and spending rose 0.6%,
00:24both slightly above expectations.
00:26Federal Reserve, which targets 2% inflation,
00:28signal last week and sees room
00:29for two more quarter-point rate cuts
00:31before year end.
00:33Officials noted that Trump's tariffs
00:34have had limited pass-through effects,
00:36with businesses absorbing costs
00:37and consumers showing resilience.
00:39Fed's latest move lowered the benchmark rate
00:41to 4% to 4.25%.
00:43For all things money, visit Benzinga.com.
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