Key Inflation Gauge Rose 0.5% in September

Key Inflation Gauge Rose 0.5% in September

Key Inflation Gauge , Rose 0.5% in September.

The Federal Reserve's attempts to curb inflation are hardly making a dent.

On Oct.

28, the Bureau of Economic Analysis reported that the core personal consumption expenditures price index (PCE) rose 0.5% in September.

It also increased 5.1% over the past year.

The acceleration was in line with predictions.

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Core PCE does not account for food and energy prices since they are volatile.

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Core PCE does not account for food and energy prices since they are volatile.

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Five interest rate hikes have already been implemented this year.

'Forbes' reports that the Sept.

21 hike put the federal funds rate at 3% to 3.25%.

The Federal Reserve is scheduled to meet again on Nov.

2 to discuss another interest rate hike.

The meeting comes days before midterm elections