Soft landing? Not so fast: Inflation heated back up in October [Yahoo! Finance]
PNC Financial Services Group, Inc. (The) (PNC)
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am
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Source: Yahoo! Finance
The Personal Consumption Expenditures price index rose 2.3% in October from the year before, accelerating from the 2.1% pace notched in September , according to Commerce Department data released Wednesday. On a monthly basis, prices rose 0.2%, matching the gain seen in September. Inflation within the services sector drove much of the monthly increase, as those prices rose 0.4% from September, while goods prices ticked up by 0.1%. Wednesday's inflation readings were exactly what economists had anticipated: Consensus estimates called for a 0.2% monthly increase and for the annual rate to climb to 2.3%, according to FactSet. Economists were anticipating that inflation would run hotter in October, in part because of stubborn housing-related costs and some price hikes considered one-time in nature, as well as unfavorable comparisons to a year-ago period when inflation cooled rapidly. The process of reining in high inflation was expected to be bumpy, and the latest reading may be j
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PNC
News
- PNC Multifamily Capital Announces $128 Million Affordable Housing Fund, Increasing Access to Affordable Housing Across the U.S. [Yahoo! Finance]Yahoo! Finance
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PNC
Earnings
- 10/15/24 - Beat
PNC
Sec Filings
- 12/20/24 - Form 144
- 12/17/24 - Form 4
- 12/13/24 - Form S-3ASR
- PNC's page on the SEC website