The Fed's Favorite Measure Of Inflation Stayed Hot In Belated Report

What This Means For The Economy Inflation is still higher than the Federal Reserve's target, but the downtick in annual inflation in September takes some pressure off the Fed to keep interest rates higher for longer. Friday's inflation report could pave the way for a Fed rate cut next week, which was already widely expected. The report is especially significant because the Federal Reserve uses PCE core inflation as its benchmark for whether inflation is running at its target of a 2% annual rate—it hasn't be ...