News

Inflation fell to 3% in October in Fed’s preferred gauge

By Zach Halaschak
Published November 30, 2023 1:34pm ET
Add Washington Examiner on Google
Inflation fell to 3% in October in Fed’s preferred gauge
Inflation cooled to a 3% annual rate in October, as measured by the gauge favored by the Federal Reserve, declining 0.4 percentage points from the previous reading. The slowdown in the personal consumption expenditures price index reported Thursday morning by the Bureau of Economic Analysis is some good news as the Fed works to vanquish […]

Inflation cooled to a 3% annual rate in October, as measured by the gauge favored by the Federal Reserve, declining 0.4 percentage points from the previous reading.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.

Tag:

Federal Reserve Inflation Interest Rates Prices Recession