CORE PCE EASES

The core personal consumption expenditures, a favorite inflationary measure of the Federal Reserve that excludes food and energy, rose by 0.2% in September. This gives the year previous a 2.4% core PCE, down slightly from August's 2.5%, but still considerably higher than the preferred top end of 2%. With the high, but easing core PCE, and the slow GDP growth, many observers believe the Fed will sit on the sidelines, not changing interest rates until it becomes more clear which is of greater concern - inflation or economic growth.

WSJ.com