Inflation Just Got Revised Lower: Economists Say The Fed Won't Be Fooled
Annual revisions cut PCE inflation to 3.4% and core to 3.0%, pushing October Fed hike odds down to 37%. Economists say the Fed won't read much into it.
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Why It Matters
The government just said inflation is lower than they thought before. Even though the number got better, smart money watchers think the Fed probably won't change their plans much.
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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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