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PCE Eases, Giving the Fed More Elbow Room [StreetAuthority]    From Our Partners  ["Kings of Billion-Dollar Mines" Have Found a New Target...]( Some of the smartest investors in the resource industry - the "Kings of Billion-Dollar Mines" - have identified their next big opportunity. Led by two brothers with deep roots in mining, they’ve found themselves in one of the richest gold regions in America. This team has a track record of success and they believe this company is next in line for massive growth. [Learn the ticker and just how massive of a discovery this young company is sitting on...](   PCE Eases, Giving the Fed More Elbow Room By John Persinos  The news keeps getting better for investors. The U.S. Bureau of Economic Analysis [reported Friday]( that the personal consumption expenditures price index (PCE), a key gauge of inflation tracked by the Federal Reserve, further decelerated in August. The “core” PCE, on which the Fed pays particular attention showed that core prices rose at an annual rate of 2.7% last month, just ahead of last month’s reading of 2.6% and matching the consensus forecast. Core pressures, which exclude volatile food and energy prices, were up 0.1% on the month, compared to July’s 0.2% gain and the consensus estimate of 0.2%. The BEA’s headline PCE eased to an annual rate of 2.2%, below the 2.3% forecast and down from the 2.5% pace posted in July. Prices were up 0.1% on the month, the BEA reported, following a 0.2% reading in July (see chart). Source: U.S. Bureau of Economic Anaysis The BEA also revealed that personal incomes for August rose 0.2%, down from the revised 0.3% pace in July, denoting softness in the labor market. Spending eased to a 0.1% rise versus the 0.5% gain over the previous month. The upshot: the Fed was given even more elbow room to continue cutting interest rates. The PCE measures changes in the prices of goods and services purchased by households and is the Fed’s preferred measure of inflation because it captures a broader scope of consumer spending habits. It accounts for adjustments in behavior, such as switching to lower-cost alternatives, making it a more comprehensive indicator than the more popularly known consumer price index (CPI). A falling PCE implies that input costs are stabilizing or declining, offering relief to companies facing margin pressure. This directly benefits corporate earnings, which in turn puts upward pressure on stock prices. What’s more, the decline in PCE also fosters a sense of economic stability. In 2022, when inflation was at its peak, fear gripped the market. Investors worried that rampant inflation would necessitate ongoing rate hikes, leading to a potential recession. These concerns drove significant volatility in stock prices, as uncertainty ruled the day. A falling PCE sends a reassuring message to investors that inflation is no longer the looming threat it once was. This increased sense of stability boosts investor confidence and encourages more buying activity. [Read More...](   [Cash in hand]( [Collect this extra money now!]( I've discovered an income-boosting opportunity that allows you to collect up to $2,105 a month in extra cash. This simple investing move is available to everyone over the age of 18. And because this strategy doesn’t depend on Uncle Sam in the slightest... your current -- or future -- Social Security benefits won't be affected. There's still time to get in on the next round of payouts. [I'll show you how here.]( You are receiving this email at {EMAIL}as part of your subscription to StreetAuthority. To ensure that you receive these emails, [please add us to your address book.]( [Terms](   [Privacy](   [Unsubscribe]( ©2024 [[ StreetAuthority ]] [[ 20 Pidgeon Hill Drive, Suite 202, Sterling, VA 20165 ]] All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited.