Key Fed gauge shows inflation is 'going sideways'

By Yahoo! Finance   |   1 year ago
Key Fed gauge shows inflation is 'going sideways'

The latest data shows flat inflation in October, raising concerns about the Federal Reserve's 2% target. Core PCE rose 0.3% in line with expectations, with core prices up 2.8% annually. Fed may pause rate cuts without a clear decline in core PCE.

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