Fed's preferred inflation measure softer than expected in August By Investing.com

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Fed's preferred inflation measure softer than expected in August

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Inflation ticked up slightly to 3.5% in August in Fed’s preferred gaugeInflation ticked up to 3.5% for the year ending in August, as measured by the personal consumption expenditures price index, the gauge favored by the Federal Reserve.
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The Fed's favorite inflation indicator rose less than expected in AugustThe personal consumption expenditures (PCE) price index excluding food and energy increased 0.1% for the month, lower than the expected 0.2% gain.
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Key Fed inflation gauge accelerated again in August as high prices persistAn inflation measure that is closely watched by the Federal Reserve accelerated in August, underscoring the challenge in combating steep consumer prices.
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