U.S. Core PCE Price Index Falls to 2.8% in September, Three-Month Low

The U.S. core Personal Consumption Expenditures price index fell to 2.8% year-over-year in September, below market expectations of 2.9%, Jin10 reports. The reading marked a three-month low and deviated from forecasts that anticipated the rate would hold at 2.9% for a third consecutive month.