A key inflation measure was lower than expected in September, the Commerce Department said Friday in a report delayed by the government shutdown that gives a further green light for the Federal Reserve to lower interest rates. 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%. Read more: cnb.cx/4azhmyD | CNBC
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Fed's favored inflation gauge shows consumer prices remained elevated in September
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