Inflation Ticks Up as Housing Headwinds Continue to Brew
Despite the Federal Reserve’s decision not to raise rates yesterday, the latest data from the Bureau of Economic Analysis (BEA) still showed a 0.5% month-to-month increase in inflation as measured by the Personal Consumption Expenditures (PCE) price index, 0.2% higher than the increase in August. The PCE index has enjoyed a reputation as the Fed’s…
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