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Q2 GDP reportedly revised to 2.2% as August PCE inflation undershoots forecasts
One post says August core PCE was 0.2% month over month, versus 0.3% expected, and that FedWatch odds of an October rate hike fell below 50%. Another cautions that the unrounded core reading was 0.247% and points to a 0.4% rise in supercore inflation.
TLDR
A post said Q2 GDP was revised to 2.2% and August PCE inflation came in at 3.4% headline and 3.0% core. Another said lower-than-expected core PCE readings coincided with FedWatch odds of an October rate hike falling from 70% to under 50%. A third urged caution, noting that the monthly core reading rounded down from 0.247% and that supercore inflation rose 0.4%.
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