Tame Inflation Keeps Fed on Track

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Wall Street Journal  | Tue, Oct 30, 2018

by Paul Kiernan and Sarah Chaney

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WASHINGTON—A closely watched price index suggested Monday that, for now, inflation poses little threat to the economy.

The personal-consumption expenditures price index rose 0.1% in September from August, the Commerce Department said Monday. That marked the fourth straight month in which the Federal Reserve’s preferred inflation gauge fell short of the 0.165% monthly pace needed to meet its 2% annual target.

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