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Fed’s Preferred Inflation Gauge Heads Lower in Reassuring Sign

Por: MarketWatch Business September 29, 2023

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The core PCE deflator rose 0.1% month over month, down from 0.2% in July and below expectations of 0.2% among economists surveyed by FactSet. At 3.9%, core PCE is at the lower level since September 2021 and now stands below 4%, a sign of progress amid the concern over the outlook for interest rates that has rattled markets in the past week. “The Fed’s aggressive campaign is working,” Carol Schleif, the chief investment officer at BMO... + full article



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What we know about the new COVID-19 variant XBB

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