Inflation: PCE data cools in August

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The Personal Consumption Expenditures (PCE) index — the Fed's preferred inflation metric — cooled in August, with headline PCE data rising by only 0.4% month-over-month and 3.5% year-over-year. Yahoo Finance co-hosts Seana Smith and Brad Smith break down the inflation report live from the Nasdaq MarketSite.

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This post was written by Luke Carberry Mogan.