Economy

Fed’s Key Inflation Measure Cools, Personal Incomes Top Estimates

Despite consumers’ assessment of economic conditions, new survey data suggest they have become more confident about the economy.
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Fed’s Key Inflation Measure Cools, Personal Incomes Top Estimates
Shoppers on Black Friday at a mall in Bethesda, Md., on Nov. 28, 2025. Madalina Kilroy/The Epoch Times
Andrew Moran
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The Federal Reserve’s preferred inflation gauge cooled unexpectedly in September while Americans’ incomes outpaced economists’ forecasts.

Inflation in the core personal consumption expenditures (PCE) price index—excluding volatile food and energy—slipped to 2.8 percent from 2.9 percent in August, according to the Bureau of Economic Analysis on Dec. 5. Economists had expected the measure to hold at 2.9 percent.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."