Breaking: US Core PCE Inflation Slows To 3.7% But Higher MoM; Will US Fed Pivot?

The U.S. Bureau of Economic Analysis reported the personal consumption expenditures (PCE) inflation data for September today. The annual PCE inflation comes in line with market forecasts at 3.4%, after an increase to 3.5% last month. Moreover, the Federal Reserve’s preferred gauge to measure inflation annual core PCE also comes in at 3.7%, falling from 3.9%

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