Fed’s preferred inflation gauge rose in September as third-quarter GDP beats expectations - Fox Business — SkimNews
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- Fed’s preferred inflation gauge rose in September, showing prices moved up and keeping expectations alive for a year-end rate hike.
- U.S. GDP beat expectations in the third quarter, adding a stronger-growth dimension to the last U.S. economic snapshot before the midterms.
Why it matters: For the Fed, September’s price increase and a third-quarter GDP beat leave year-end rate-hike expectations intact; the two results arrive together in the last U.S. economic snapshot before the midterms, giving policymakers firmer grounds to weigh a year-end move against both growth and prices.
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