Politics
Fed’s preferred measure of inflation dips to 3.4 percent in August
The Hill·September 30, 2026·1 min read
The Federal Reserve's preferred inflation measure, the PCE price index, rose 0.3% in August and was up 3.4% year over year, according to data released Wednesday. The dip comes as multiple central bank officials have signaled future interest rate hikes could be on the horizon.
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