US personal income rose by 0.2% in August, missing forecasts, while PCE inflation dropped to a 3-year low.
Sectors & Industries
September 30, 2024
In August 2024, the US personal consumption expenditure (PCE) price index rose by 0.1%, following a 0.2% increase in July, meeting expectations. Service prices increased by 0.2%, while goods prices declined by 0.2%. Core PCE, excluding food and energy, also rose 0.1%, below the forecasted 0.2%.
Annually, PCE inflation dropped to 2.2%, its lowest since February 2021. Meanwhile, US personal income increased by 0.2%, below the expected 0.4%. Compensation of employees grew 0.5%, while personal income from assets and government transfers weakened.
Join LevelFields now to be the first to know about events that affect stock prices and uncover unique investment opportunities. Choose from events, view price reactions, and set event alerts with our AI-powered platform. Don't miss out on daily opportunities from 6,300 companies monitored 24/7. Act on facts, not opinions, and let LevelFields help you become a better trader.