Core inflation stayed about the same in August, the Federal Reserve said, and personal consumption expenditures had a 0.3% gain. Sentiment is at a deep low.
Sept. 26 Core inflation stayed about the same in August, the Federal Reserve said, and personal consumption expenditures had a 0.3% gain for the month.
The personal consumption expenditures price index rise made the annual headline inflation rate 2.7%, which is the inflation over last year, the Commerce Department reported.
The core inflation rate is at 2.9%. It rose 0.2% for the month.
Meanwhile, consumer sentiment fell to 55.1, the University of Michigan said in a survey released Friday. The report was the seventh-lowest on record since 1952.
The pessimism stems from fears of higher inflation, which could get worse. On Thursday, President Donald Trump announced new tariffs on trucks, cabinets and pharmaceuticals.
