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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/us-inflation-indicators-show-declining-trends/" data-wpel-link="internal">US Inflation Indicators Show Declining Trends</a> 
The Personal Consumption Expenditures Price Index, one of the key inflation indicators in the US, was reported at an annual rate of 2.2%. This figure fell short of the market expectation of 2.3% and decreased from the previous month’s 2.5%. The Core Personal Consumption Expenditures Price Index aligned with expectations at an annual rate of 2.7%. 
<h2 style="text-align: justify" id="strong-signals-of-declining-inflation-data-strong">Signals of Declining Inflation Data</h2> 
The Personal Consumption Expenditures Price Index remains above the Federal Reserve’s (Fed) inflation target of 2%, yet the latest data indicates a reduction in inflationary pressures within the economy. The annual Personal Consumption Expenditures Price Index dropped to 2.2%, below the anticipated 2.3%. This decline, following last month’s 2.5%, reflects a loss of momentum in inflation, and economists welcomed this data as it fell short of expectations. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-392420" src="https://coin-turk.com/wp-content/uploads/2024/09/enflasyon.jpg" alt="" width="1288" height="430"> 
The Core Personal Consumption Expenditures Price Index was reported at 2.7%, in line with expectations. This index is closely monitored by the Fed as it excludes volatile categories like energy and food prices. The slight increase from the previous month’s 2.6% suggests ongoing fundamental inflationary pressures in the economy. 
<h2 style="text-align: justify" id="strong-a-significant-indicator-for-fed-s-monetary-policy-strong">A Significant Indicator for Fed’s Monetary Policy</h2> 
The Personal Consumption Expenditures Price Index is a crucial indicator that guides the Fed’s monetary policy decisions. Recent data suggests that the Fed’s stringent monetary measures to combat inflation are proving effective. 
The annual decrease in inflation rates could indicate that the Fed might continue its rate-cutting policy or adopt a more rapid reduction strategy. While the Core Personal Consumption Expenditures Price Index remains above the target, its close alignment with expectations could mitigate any confusion in the economic outlook. 
After the data release, the <a href="https://en.coin-turk.com/feds-first-statement-after-inflation-what-will-happen-to-cryptocurrencies/" data-wpel-link="internal"></a><a href="https://en.coin-turk.com/analyst-predicts-bitcoin-and-solana-price-movements/" data-wpel-link="internal">cryptocurrency</a> market, led by Bitcoin , turned upward. Bitcoin rose to $65,705, while Ethereum (ETH) traded above the $2,660 threshold. 
The post <a href="https://en.coin-turk.com/us-inflation-indicators-show-declining-trends/" data-wpel-link="internal">US Inflation Indicators Show Declining Trends</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

US Inflation Indicators Show Declining Trends

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