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【CNBC】Fed’s favorite gauge shows inflation rose 0.2% in October and 3.5% from a year ago, as expected

【CNBC】Fed’s favorite gauge shows inflation rose 0.2% in October and 3.5% from a year ago, as expected

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  • The personal consumption expenditures price index, excluding food and energy prices, rose 0.2% for the month and 3.5% on a year-over-year basis, both in line with expectations.
  • Personal income and spending both rose 0.2% on the month, also meeting estimates and indicating that consumers are keeping pace with inflation.
  • Continuing unemployment claims surged to 1.93 million, an increase of 86,000 and the highest level since Nov. 27, 2021.

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