Key inflation rate hits 2.1% in September
Inflation edged up in September, nearing the Federal Reserve’s 2% target, with the personal consumption expenditures (PCE) index showing a 0.2% monthly increase and a 2.1% annual rate. Core inflation, excluding food and energy, rose 2.7% year-over-year. Service prices increased by 0.3%, while goods saw a 0.1% drop. Despite inflation concerns, income rose 0.3%, consumer spending increased 0.5%, and the personal savings rate dropped to … Continue reading Key inflation rate hits 2.1% in September
