Inflation Picks Up, According to Fed’s Preferred Gauge

Last week’s core PCE numbers support comments by Fed officials that there’s no rush to cut interest rates so long as the labor market remains healthy and the economy continues to power ahead.

By Augusta Saraiva | December 03, 2024 at 03:58 PM

The Federal Reserve’s preferred measure of underlying inflation accelerated in October from a year ago, helping explain policymakers’ more cautious approach to lowering interest rates.

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Inflation Picks Up, According to Fed’s Preferred Gauge

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1 Inflation Picks Up, According to Fed’s Preferred Gauge

2 Americans Like the Employer Health Benefits Tax Exclusion: Will It Remain Under Trump?

3 U.S. Debt Load Tops Fed’s List of Financial Stability Risks

4 CVS Eyes Big Bond Sale as It Buys Back Debt

5 Treasury Department Flags Risks from New Cross-Border Payments Systems

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