The Personal Consumption Expenditures price index rose 0.3% in September, matching economists' average forecast. High inflation is sticking.
Inflation measures try to track price increases throughout the economy, but COVID has messed up the quality of services in ways that are hard to read.
"Despite near-term uncertainty, we expect the equity market will continue to rally," the strategists said.
The Personal Consumption Expenditures price index gained 0.4% in August, matching the median forecast and the inflation seen in July.
Joe Biden has repeatedly sought to ease inflation fears, claiming that its recent surge is temporary. Americans are increasingly buying his argument.
The Consumer Price Index - a popular measure of US inflation - rose 0.3% last month, slower than July's 0.5% jump. It was well short of forecasts.
The Personal Consumption Expenditures price index climbed 0.4% in July, matching the median forecast. It was a slowdown from June's pace.
The Consumer Price Index - a popular measure of US inflation - posted a hefty gain of 0.5% last month, well below June's 0.9% rise in prices.
The labor shortage and surging inflation have set new minimums on pay and prices, but growth will likely slow down.
The Personal Consumption Expenditures price index gained 0.5% in June. Economists surveyed by Bloomberg anticipated a 0.4% increase.
"I always laugh when people say, oh, it's isolated, it's transitory," El-Erian told CNBC, adding there is a "fundamental misunderstanding" of the concept.
The Fed and the White House expect price growth to slow as shortages are resolved. Surging shelter inflation could throw a wrench in their forecasts.
The Personal Consumption Expenditures price index rose 0.4% last month, the Commerce Department said. The median estimate was for a 0.5% jump.
Americans are - smartly - balking at the soaring prices of used cars and homes. This shift could be what keeps the US from an inflationary crisis.
Since WWII, a house and a car have symbolized the American Dream, but their soaring prices now are the main things that could cause runaway inflation.
Consumer prices rose by 5% year-over-year and by 0.6% month-over-month. The annual increase was the most since 2008, albeit skewed by May 2020 data.
Wages have surged higher for two months straight, but Goldman said that inflation should cool as Americans fill 8 million job openings.