PCE Inflation Expected to Stay Above Fed's Target

Inflation likely remained elevated in September, with the PCE index potentially rising to 2.8% annually. Core inflation is expected to hold steady at 2.9%. This marks 55 months of core PCE inflation above the Feds target. Persistent inflation, exacerbated by tariffs, is anticipated to remain above target for years. Despite this, the Fed may still consider cutting interest rates to support job growth.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.