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Fed's Favorite Inflation Indicator Surges In September As Soaring Energy Costs Drags Americans' Savings Rate To 4-Year Lows

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Fed's Favorite Inflation Indicator Surges In September As Soaring Energy Costs Drags Americans' Savings Rate To 4-Year Lows Following the hot CPI and PPI (and the internals), this morning's PCE should not provide too many surprises with expectations for the headline price Index to rise a significant 0.5% MoM in September (accelerating notably after deflating for the first time since COVID in June). And sure enough, headline PCE rose 0.5% as expected, pulling the price index up 3.6% YoY - highest since May... The (old) Fed's favorite inflation indicator - Core PCE (a measure of price changes…

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    Fed's Favorite Inflation Indicator Surges In September As Soaring Energy Costs Drags Americans' Savings Rate To 4-Year Lows

    Fed's Favorite Inflation Indicator Surges In September As Soaring Energy Costs Drags Americans' Savings Rate To 4-Year Lows Following the hot CPI and PPI (and the internals), this morning's PCE should not provide too many surprises with expectations for the headline price...

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