MARKET DAILY

Market 10/27: Fed's favorite inflation gauge rises again

Inflation expectations resurface among the public. Amazon surges after earnings report.

Overall PCE price index up 0.4%, mainly from oil price increase. Service sector inflation (excluding housing and energy) up 0.4%, vs. just 0.1% last month.

Core PCE inflation falls to 3.7% in September (lowest since May 2021). Headline PCE inflation remains at 3.4% YoY.

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