The PCE report drops to 2.1%. Here’s what that means for interest rates.

The personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred inflation measure, dropped to 2.1% last month on an annual basis, close to the central bank’s goal of a 2% annual rate. That could cement more rate cuts ahead in 2024, according to Wall Street economists. September’s PCE was in line with the median

A key inflation measure drops to 2.1%. Here’s the interest rate impact.

The personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred inflation measure, dropped to 2.1% last month on an annual basis, close to the central bank’s goal of a 2% annual rate. That could cement more rate cuts ahead in 2024, according to Wall Street economists. September’s PCE was in line with the median

Elon Musk doesn’t show at Philadelphia court hearing over $1M voter lottery

Despite a judge’s order that “all parties must be present,” Tesla founder, X owner and billionaire Elon Musk did not appear in a Philadelphia courtroom Thursday after District Attorney Larry Krasner sued him over his super PAC’s plan to award $1 million a day to voters in key battleground states in the 2024 election. Krasner and members