Inflation’s summer decline slowed last month. But
inflation has improved enough recently for Federal Reserve officials to hold interest rates steady at their meeting next week.The personal-consumption expenditures price index, the Fed’s preferred inflation gauge, rose 0.4% in September from the prior month, the same pace as in August, the Commerce Department said Friday. So-called core prices, which exclude volatile food and energy categories, increased 0.3% in September, compared with a 0.1% rise in August.
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October 27, 2023 at 09:43PM
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Inflation Trends Keep Fed Rate Hikes on Pause - The Wall Street Journal
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