US inflation steady in September

AFP, WASHINGTON: US inflation was steady in September while consumer spending rose faster than incomes, the Commerce Department reported yesterday.
The report was released a day before the start the two-day meeting of monetary policymakers, who are expected to leave rates unchanged at least until next month.
The personal consumption expenditures price index, the measure of inflation most valued by the Fed, rose 0.2 per cent in September, the same increase recorded in August. 
Core PCE, which excludes more volatile food and fuel prices, posted a smaller increase, rising 0.1 per cent after a 0.2 per cent increase in August. The result matched a consensus forecast by analysts.

US inflation steady in September

AFP, WASHINGTON: US inflation was steady in September while consumer spending rose faster than incomes, the Commerce Department reported yesterday. The report was released a day before the start the two-day meeting of monetary policymakers, who are expected to leave rates unchanged at least until next month. The personal consumption expenditures price index, the measure of inflation most valued by the Fed, rose 0.2 per cent in September, the same increase recorded in August. Core PCE, which excludes more volatile food and fuel prices, posted a smaller increase, rising 0.1 per cent after a 0.2 per cent increase in August. The result matched a consensus forecast by analysts.