Core Inflation Metrics - The Fed's preferred inflation metric, Core PCE inflation, showed a slowdown on an annual basis for the first time since April [1] - In September, Core PCE inflation ran at a 2.8% annual pace, down from August's 2.9% rate [1]

Core Viewpoint - The Federal Reserve's Collins indicates that due to tariff measures, core personal consumption expenditures (PCE) inflation is expected to exceed 3% by the end of this year [1] Group 1 - The impact of tariff measures on inflation is significant, suggesting a direct correlation between trade policies and consumer price levels [1] - The forecast of core PCE inflation exceeding 3% highlights potential challenges for monetary policy and economic stability [1]