Inflation Slows Down: Core Prices Drop

Inflation edged up in September, with the PCE index showing a two point eight percent annual rise, slightly higher than Augusts figure. However, core inflation, excluding food and energy, unexpectedly slowed down to two point eight percent, marking the first decrease since April. This could signal a potential shift in the Federal Reserves focus from combating inflation to supporting the job market, potentially leading to interest rate cuts.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.