Fed’s preferred inflation gauge posts 2.8% core reading, below forecasts

The Fed’s go-to inflation tracker dropped more than expected in September, putting more heat on rate-cut bets ahead of next week’s policy call. The Commerce Department said Friday that core PCE, which leaves out food and energy, went up 0. 2% on the month and 2. 8% year over year. That yearly reading slipped from 2. 9% in […] source: https://www.cryptopolitan.com/feds-preferred-inflation-gauge-hits-2-8/