Fed’s preferred inflation gauge shows core inflation at 3.0% in August, below expectations

The Federal Reserve's preferred measure of inflation, the personal consumption expenditures price index, indicated that core inflation was 3.0% in August. This figure is notably lower than the Dow Jones consensus projections, which expected a 3.3% increase for core inflation and 3.7% for headline inflation. This data suggests a lighter inflationary pressure than anticipated for the month.

Originally published by gnews