Fed's Favorite Inflation Gauge Holds at 3.4%, Cooling Rate-Hike Bets
PCE inflation held at 3.4% in August, below the 3.7% expected, as core prices slowed to 3.0%, still a full point above the Fed's 2% target.
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Why It Matters
The main price gauge the Fed watches stayed steady at 3.4%. This makes people think interest rate hikes might slow down soon.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.