Inflation notches a fresh 30-year high as measured by the Fed’s favorite gauge
https://www.cnbc.com/2021/10/29/infl...ite-gauge.htmlKEY POINTS
Headline inflation, including food and energy, rose at a 4.4% annual rate in September, the fastest since 1991.
Core inflation, which is the Fed’s preferred gauge, increased 3.6% for the 12 months, the same as in August but still also the fastest pace in 30 years.
Personal income declined at a faster pace than expected while consumer spending increased and was in line with forecasts.
Employment costs rose more than expected and at the fastest annual pace in 19 years.
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