- The core personal consumption expenditures price index, which excludes volatile food and energy prices, indicated a 0.2% monthly rise while the annual rate was 2.8%.
- Federal Reserve officials use the PCE price index as their primary policy tool for inflation. The Fed meets next week and is widely expected to approve another rate cut.
- Personal income rose 0.4% on the month while spending was up 0.3%, with the latter slightly below forecast.
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