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Fed's Favorite Inflation Indicator Hotter Than Expected In September
Fed's Favorite Inflation Indicator Hotter Than Expected In September The Fed's favorite inflation indicator - Core PCE - printed hotter than expected in September  ( 2.7% vs 2.6% exp), flat with August's 2.7% rise... Source: Bloomberg The headline PCE rose 0.2% MoM, which dragged down YoY PCE to 2.1% - its lowest since Feb 2021... Source: Bloomberg On a MoM basis, PCE appears to be accelerating with Durable Goods and Services costs picking up... Source: Bloomberg And
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