Fed’s preferred measure of inflation dips to 3.4 percent in August - thehill.com — SkimNews
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- PCE inflation dipped to 3.4% in August on the Fed's preferred measure, according to The Hill's headline, framing the print as a cooling data point.
- Core inflation registered at 3.0% for August — a figure CNBC flagged as 'much lighter than expected' — while Reuters noted markets 'shrugged off a volatile September' to shuffle into Q4 positioning.
Why it matters: The headline PCE of 3.4% paired with a much-lighter-than-expected core reading of 3.0% gives the Fed a disinflation print it can point to, and Reuters' framing shows markets treating the data as permission to look past September's turbulence and rotate into Q4.
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