Fed’s favorite gauge shows inflation rose 0.2% in October and 3.5% from a year ago, as expected

By: Inflation as measured by personal spending increased in line with expectations in October, possibly giving the Federal Reserve more incentive to hold rates steady and perhaps start cutting in 2024, according to a data release Thursday.The personal consumption expenditures price index, excluding food and energy prices, rose 0.2% for the month and 3.5% on…

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Is the US economy on track for a ‘soft landing’? Friday’s jobs report may offer clues

But Powell also said interest rates are “well into” restrictive … West Hunsaker at Morris Hall supports Make-A-Wish Foundation in Arizona. KTAR’s … But Powell also said interest rates are “well into” restrictive … West Hunsaker at Morris Hall supports Make-A-Wish Foundation in Arizona. KTAR’s … See the entire article on Arizona’s unemployment, or, read more Arizona…

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