Fed's preferred inflation indicator just rose even more

The main index of the Federal Reserve's preferred measure of inflation rose in August.

Despite this, the historically aggressive campaign of interest rate hikes was intended to slow down.

Personal Consumption Expenditure Price Index, which is not available in the U.S. Measures the value of goods and services purchased by "individuals" living in

6.2% year-on-year from 6.4% in August, but higher than economists anticipated.

CNBC. According to the Bureau of Economics, this decline was almost completely closed due to the fall in energy prices along the so-called core PCE

Which does not consider more volatile food and energy indices.

Which has increased from 4.7 percent in August to 4.9 percent annually.

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