The Federal Reserve’s preferred inflation measure showed moderate price increases in September, with the core index holding at levels unlikely to derail expectations for another interest rate cut at next week’s policy meeting.
The personal consumption expenditures price index rose 0.3 percent in September from the prior month, while the core measure—which excludes volatile food and energy prices—increased 0.2 percent, according to data released Friday by the Bureau of Economic Analysis. The report was delayed more than a month by the recent government shutdown.
On a year-over-year basis, overall PCE inflation ticked up to 2.8 percent from 2.7…
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