The latest price report from the U.S. Department of Commerce, delayed due to the government shutdown, showed that the core personal consumption expenditures (PCE) price index in September, excluding volatile food and energy prices, rose 0.2% from the previous month, in line with the Dow Jones consensus forecast; it increased 2.8% year-on-year, 0.1 percentage points below the forecast, and also lower than August's 2.9%. This positive news on inflation may play an important role in the Federal Reserve's next interest rate decision next week.
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Original article: toutiao.com/article/1850738627012617/
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