Core inflation rate watched by Fed hit 2.8%, delayed September data shows, lower than expected

Core inflation rate hit 2.8 percent: September data

The Commerce Department reported Friday that core prices increased by 2.8 percent compared to September of last year, excluding food and energy costs. The monthly rise in costs was measured at 0.2 percent. In total, consumer spending increased by $65.1 billion. Most of the growth came from service expenditures, including a 15.4 percent increase in…

Donald Trump scores inflation win before interest rates call

The Federal Reserve is due to make another decision on cutting interest rates.

Fed's preferred inflation gauge changed little in September with price gains muted

The Federal Reserve’s preferred measure of inflation slowed a bit in September, likely easing the way to a widely expected interest rate cut by the central bank next week

Fed's preferred inflation gauge stayed elevated in September as spending weakened

The Federal Reserve’s preferred measure of inflation slowed a bit in September, likely easing the way to a widely expected interest rate cut by the central bank next week.

Fed’s favorite inflation gauge hit the highest level since April 2024

Inflation ticked up to its highest annual rate since April 2024 and consumer spending cooled in September, according to a shutdown-delayed report released Friday by the Commerce Department.

Fed's favored inflation gauge shows consumer prices remained elevated in September

The Commerce Department released its delayed September PCE inflation report which showed that inflation remained well above the Federal Reserve's 2% target.