Federal Reserve’s Preferred Inflation Gauge Unchanged in September at 3.4 Percent

By Andrew Moran The personal consumption expenditure (PCE) price index—the Federal Reserve’s preferred inflation gauge—was unchanged at an annual rate of 3.4 percent in September, according to the Bureau of Economic Analysis (BEA). Economists had widely anticipated that the PCE would be unchanged. On a monthly basis, the PCE rose 0.4 percent, slightly higher than the consensus estimate of 0.3…


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