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Business

PCE index, the Fed's preferred inflation measure, drops to 2.1%. Here's what it means for interest rates. - CBS News

The personal consumption expenditures (PCE) price index eased to a 2.1% annual rate in September, close to the Fed's target.

By: CBS News
  • Nov 01 2024
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The personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, dropped to 2.1% last month on an annual basis, close to the central bank's goal of a 2% ann… [+2555 chars]
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