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Today’s Lead Story
Sunday, November 1

Inflation

Fed's Key Inflation Gauge Held at 3.6% in September, Core at 3.1%

via CNBC

The September Personal Consumption Expenditures index rose 3.6% year over year, with core PCE at 3.1%, both still well above the Federal Reserve's 2% target. Consumer spending edged up 0.5% on the month while real income growth remained flat.

Why it matters

Persistent inflation keeps pressure on the Fed to raise rates again in December, which would push up costs on mortgages, car loans, and credit cards.

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