Fed's Favorite Inflation Gauge Holds at 3.4%, Cooling Rate-Hike Bets (CORRECTED)
PCE inflation held at 3.4% in August, below the 3.7% expected, as the core rate remained steady at 3.0%, still a full point above the Fed's 2% target.
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Why It Matters
Inflation stopped getting worse in August, staying at 3.4%. This makes people think the Fed might pause raising interest rates soon.
This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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