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International Business Times
International Business Times
Business
Daniel AVIS

US Fed's Favored Inflation Gauge Slows In October

US Federal Reserve Inflation United States the US Federal Reserve Interest Rates John Williams the Commerce Department
The Fed's favored inflation gauge slowed further in October (Credit: AFP)

A key inflation measure used by the US Federal Reserve to set interest rates eased further last month amid declining energy and goods prices, according to government data published Thursday.

The annual personal consumption expenditures (PCE) price index rose 3.0 percent in October, down 0.4 percentage points from a month earlier, the Commerce Department said in a statement.

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