Core PCE rises, inflation stalled
This is a news story, published by Yahoo Finance, that relates primarily to The Federal Reserve's news.
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Federal ReserveYahoo Finance
•Key Fed gauge shows inflation is 'going sideways'
86% Informative
The Federal Reserve's preferred inflation gauge showed price increases were flat in October from the prior month .
The core PCE index strips out food and energy costs and is closely watched by the central bank.
The print follows two sticky inflation readings from other October datasets.
Markets are pricing in a roughly 67% chance the Fed will cut interest rates at its December meeting.
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