Federal Reserve key inflation gauge hits 2.3%, aligns with projections

The Federal Reserve’s go-to inflation measure, the personal consumption expenditures (PCE) price index, rose 2.3% year-over-year in October, perfectly aligning with market expectations. Monthly inflation ticked up by 0.2%, based on data released Wednesday by the Bureau of Economic Analysis (BEA). Despite hitting forecasts, these numbers reflect inflation’s refusal to bow to the Fed’s 2%

Source: Cryptopolitan