US core inflation holds steady at 2.9%, keeping Fed on rate-cut track

Core inflation stayed stuck at 2. 9% in August, according to the Federal Reserve’s go-to forecast tool. The data, released Friday by the Commerce Department, makes it clear the Fed is still heading toward another interest rate cut, likely within the next few months. The personal consumption expenditures (PCE) price index went up 0. 3% last month, […] source: https://www.cryptopolitan.com/us-core-inflation-holds-steady-at-2-9/