Overview

• The U.S. Commerce Department reported the August PCE price index up 2.7% year over year, a faster rise than in July and in line with forecasts.
• Core PCE excluding food and energy increased 2.9% from a year earlier, matching July’s pace and staying above the Federal Reserve’s 2% goal.
• Goods prices rose 0.9% year over year led by durables, while services prices climbed 3.6%, according to the latest breakdown.
• The Federal Reserve cut rates by 0.25 percentage point in September, and reporting indicates expectations for possible additional easing this year.
• Osaka City’s September CPI preliminary reading was 112.2, up 3.4% year over year for a 44th straight increase, with core excluding fresh food up 3.3% year over year but down 0.3% on the month and the measure excluding fresh food and energy up 3.2% year over year and down 0.2% month over month.