Inflation Trends Keep Fed Rate Hikes on Pause - The Wall Street Journal

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WSJ’s Dion Rabouin unpacks the latest GDP report and explains what it says about the state of the economy. Photo: Li Jianguo/Zuma Press

Inflation’s summer decline slowed last month. But

inflation has improved enough recently for Federal Reserve officials to hold interest rates steady at their meeting next week.

The personal-consumption expenditures price index, the Fed’s preferred inflation gauge, rose 0.4% in September from the prior month, the same pace as in August, the Commerce Department said Friday. So-called core prices, which exclude volatile food and energy categories, increased 0.3% in September, compared with a 0.1% rise in August. 

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