Fed Holds Rates Steady
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The Federal Reserve’s preferred inflation gauge, the core PCE price index, climbed 3.1% year-over-year in September, matching economist estimates.
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Fed's favored inflation gauge trended higher in September, GDP grew faster than expected in Q3
The Bureau of Economic Analysis released the September PCE inflation report which showed inflation trended higher and moved further away from the Fed's target.
Kevin Warsh, the Federal Reserve chairman, will explain the central bank’s decision on rates, as energy prices and A.I. spending keep inflation uncomfortably high.
