U.S. PCE Price Index Up by 6.4% in Q4 2021
The Bureau of Economic Analysis revealed in its report about the U.S.’s Q4 2021 gross domestic product (GDP) published on Wednesday.
Notably, the Personal consumption expenditures (PCE) price index in the United States observed in Q4 of the fiscal year 2021 rose by 6.4%.
The figure marks a sharp rise in comparison to the growth of 5.3% recorded in Q3. Excluding food and energy prices, the PCE price index went up by 5.0%, another improvement from 4.6% registered in the prior trimester.
The price index for gross domestic purchases advanced by 7.0%, rising further from an expansion of 5.6% in the previous quarter.
Summit Therapeutics(SMMT) Insiders Placed Bullish Bets Worth US$62m in Last 12 Months
Over the last year, a good number of insiders have significantly increased their holdings in Summit Therapeutics Inc. (SMMT).
Soaring Gas Prices: Enough Evidence to Short Auto Stocks?
Chip shortages, supply chain disruptions and depleted inventory levels are just three of the headwinds auto stock investors have been dealing with in recent quarters.
What Victor Orban’s Election Victory Means for EU Politics and Markets
Orban, a self-styled illiberal democrat, is most apparently an incumbent again winning by a wide margin.
