Economic Data Flood: PCE, GDP, and ADP Reports Released
Investors received a significant volume of economic data on Wednesday, including the August Personal Consumption Expenditures (PCE) report. The PCE price index, a key inflation indicator for the Federal Reserve, increased by 0.3%.
Wednesday brought investors a heavy slate of economic data, beginning with the Commerce Department’s August Personal Consumption Expenditures (PCE) report (USPCE=ECI). 3% on the month.