US consumer expenditure inflation slows in September

30 October 2020

 

Summary: US Fed’s favoured inflation measure rises 0.2% in September; in line with market expectations; annual rate up for fifth consecutive month; Treasury bond yields higher. One of the US Fed’s favoured measures of inflation is the change in the core personal consumption expenditures (PCE) price index. After hitting the Fed’s target at the time of 2.0% in mid-2018, the annual rate then hovered in a range between 1.8% and...

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