Federal Reserve’s Preferred Inflation Metric Ticks Up as Services Fuel Price Pressures

By Andrew Moran The Federal Reserve’s preferred inflation measure—the personal consumption expenditure (PCE) price index—edged up in October as services continued to fuel price pressures. According to the Bureau of Economic Analysis (BEA), annual PCE price index inflation rose to 2.3 percent last month from 2.1 percent in September. The index jumped by 0.2 percent […]