WASHINGTON — The Federal Reserve's favored inflation gauge accelerated slightly in August from a year earlier.

What You Need To Know • The Federal Reserve's favored inflation gauge accelerated slightly in August from a year earlier • The Commerce Department reported Friday that its personal consumption expenditures (PCE) price index was up 2.7% in August from a year earlier, up from a 2.6% year-over-year increase in July and most since February • Excluding volatile food and energy prices, so-called core PCE inflation showed a 2.9% increase in prices from August 2024, same as in July • The increases were what forecasters had expected

The Commerce Department reported Friday that its personal consumption expenditures (PCE) price index was up 2.7% in August from a year earlier, a tic

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