Core inflation rate held at 2.9% in August, as expected, Fed's gauge shows
CNBC·2025-09-26 20:31
Breakfast cereals are displayed for sale in Medford, Massachusetts, U.S., April 22, 2025.Core inflation was little changed in August, according to the Federal Reserve's primary forecasting tool, likely keeping the central bank on pace for interest rate reductions ahead.The personal consumption expenditures price index posted a 0.3% gain for the month, putting the annual headline inflation rate at 2.7%, the Commerce Department reported Friday.Excluding food and energy, the more closely followed core PCE pric ...