Personal Consumption Expenditures (September 2023)

 

The Fed’s favored inflation measure, annual Core PCE, fell to 3.7% for the 12 months ending in September. While this is a 2-year low, it’s still well above the Fed’s 2% inflation target. Will this progress be enough for the Fed to pause rate hikes once again at their Nov. 1 meeting? #pce #inflation #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow