PCE index

Fed's Favorite Inflation Gauge Jumps in August, Pressure Builds on Rate Policy

The core PCE price index rose sharply in August, giving the Fed fresh reason to keep interest rates elevated as it battles persistent inflation.

Fed's Key Inflation Gauge Expected to Hold Near 3.3% as Rate Hike Odds Grow

The personal consumption expenditures price index is forecast to show stubborn inflation in Wednesday's report, complicating the Federal Reserve's path on interest rates.