Federal Reserve’s Preferred Inflation Metric Decelerates to 2.2 Percent

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By Andrew Moran The Federal Reserve’s preferred inflation gauge—the personal consumption expenditure (PCE) price index—came in below expectations, suggesting that the central bank is inching closer to its 2 percent target. According to the Bureau of Economic Analysis (BEA), the PCE price index rose by 0.1 percent in August, down from the 0.2 jump in […]