Fed’s favored inflation gauge accelerates slightly in August
Federal Reserve’s preferred measure of inflation sees marginal acceleration in August In August, the Federal Reserve’s preferred inflation gauge, the personal consumption expenditures (PCE) price index, rose 2.7% from a year earlier, slightly higher than July’s 2.6% increase. Core PCE inflation, excluding food and energy prices, also showed a 2.9% rise, in line with expectations. … Read more