26 Sep 2025 | 3 Mins Read
US Core Inflation Rate Stays Steady at 2.9%
Flipitmoney
The personal consumption expenditures price index, a key forecasting tool for the Fed, rose 0.3% in August, keeping the annual headline inflation rate at 2.7%. Core inflation, excluding food and energy, was 2.9%. The data indicates the economy is on pace for interest rate reductions, with the Fed likely to cut rates twice more this year.