The Personal Consumption Expenditures index accelerated in September according to newly released data. The figures arrived one day following the Federal Reserve's decision to hold interest rates steady.
US PCE Index Shows Inflation Accelerated in October
The cost of living rose sharply last month according to the latest PCE inflation metric. The persistent inflation signal suggests the Federal Reserve's temporary interest rate pause may not persist.
Core Personal Consumption Expenditures data exceeded market forecasts due to sticky price metrics. Persistent inflation may compel the Federal Reserve toward a cautious monetary stance impacting broader risk assets.
us inflation dataFederal ReserveUS PCEFederal ReserveUS PCEFederal ReserveCore PCEBitcoin