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Fed’s favorite inflation gauge picks up, in line with forecasts

Core Personal Consumption Expenditures Price Index increased 2.8% year over year

Bloomberg News

The Federal Reserve’s preferred measure of underlying inflation accelerated in October from a year ago, helping explain policymakers’ more cautious approach to lowering interest rates. The so-called core personal consumption expenditures price index, which strips out volatile food and energy items, increased 2.8% from October last year and 0.3% from a month earlier, according to […]

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