Fed's preferred inflation gauge shows prices increased in line with Wall Street's expectations in September
Published On Oct 31, 2024, 8:41 AM
The Federal Reserve's preferred measure of inflation showed that prices increased in September at rates that aligned with Wall Street's expectations. This news suggests that inflation remains a constant concern but is not deviating significantly from forecasts, which indicates a steady economic environment that may influence the Federal Reserve's decisions on interest rates.
Stock Forecasts
SPY
Negative
Given that inflation is rising in line with expectations, this indicates stability in consumer price growth. However, it also means the Fed may remain cautious, which could impact interest rate policies. Companies sensitive to interest rate changes may see varied performance depending on their sector exposure to the consumer market.
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