Inflation ticked up to 3.6% a day after the Fed held rates - MarketScale

The PCE price index rose 3.6% in the year through September, up from 3.4% in August, the Bureau of Economic Analysis reported on Oct. 29. Core PCE rose 3.1%. The report came a day after the Federal Reserve held its target range at 3.75% to 4% on a 10 to 2 vote and said inflation remains elevated. Consumer spending rose 0.5% in dollars and less than 0.1% after prices, and the saving rate fell to 3.8%. This story was produced through MarketScale . See how Business Services teams put it to work with Executive Thought Leadership . PCE prices rose 0.5% in September and 3.6% over 12 months; core PCE rose 0.3% and 3.1%. The Fed held its target range at 3.75% to 4% on Oct. 28; two members dissented in favor of a quarter-point increase.