One Step Forward, Two Steps to 2%
Inflation’s Still Playing Hard to Get October’s inflation numbers are in, and it seems inflation isn’t quite ready to bow out of the spotlight. The Personal Consumption Expenditures (PCE) report showed that headline inflation edged up 0.2% from September, nudging the year-over-year rate from 2.1% to 2.3%. Meanwhile, Core PCE—aka the Fed’s favorite yardstick that […]
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