TechFlow news, December 5 — According to Jinshi Data, a key inflation indicator released Friday by the U.S. Department of Commerce showed inflation in September came in below expectations. The delayed report, postponed due to the government shutdown, further clears the way for the Federal Reserve to cut interest rates. The core PCE price index, which excludes volatile food and energy prices, rose 0.2% month-over-month and 2.8% year-over-year. While the monthly figure met consensus forecasts, the annual rate was 0.1 percentage points lower than expected. Additionally, according to data from the U.S. Bureau of Economic Analysis, overall personal consumption expenditures increased 0.3% on a monthly basis, with the annual inflation rate also at 2.8%, both figures in line with expectations. Fed officials use the PCE price index as their primary policy tool for measuring inflation. Although they consider both headline and core figures, policymakers generally view the core metric as a better gauge of long-term inflation trends. The report was delayed by several weeks due to the government shutdown, during which all data collection and economic reporting were suspended.
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