Reported 26 days ago
The latest data from the Fed's core Personal Consumption Expenditures (PCE) index indicates that inflation in September met Wall Street's expectations, rising 0.3% from the previous month and 2.7% year-over-year. The report highlights ongoing but uneven progress towards the Fed's 2% inflation goal, with markets anticipating a possible interest rate cut at the upcoming November meeting. Despite these fluctuations, the US economy showed resilience, growing at a 2.8% annualized rate in Q3.
Source: YAHOO