US core PCE steady for third consecutive month in August

Summary: US Fed’sfavoured inflation measure increases by 0.3% in August; slightly higher than market expectations; annual rate steady at 3.6%; Treasury bond yields moderately lower. 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 2.0%...

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