September PCE: Income ‘not keeping pace’ with consumption

By: The Personal Consumption Expenditures (PCE) price index — the Fed’s preferred inflation measuring tool — rose 0.4% in September and 3.4% year-over-year. Core PCE came in line with economic forecasts, cooling to 3.7%.DoubleLine Deputy Chief Investment Officer Jeffrey Sherman sits down with Yahoo Finance Live to talk about what the new inflation print could…

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