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U.S. PCE Inflation Accelerates to 3.6%, Above the Fed’s 2% Goal

September headline inflation rose faster than August, while core PCE increased 3.1% year over year. The Fed held rates at 3.75% to 4% on Oct. 28.
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September headline inflation rose faster than August, while core PCE increased 3.1% year over year. The Fed held rates at 3.75% to 4% on Oct. 28.