BEA to use the average of September and November CPI to calculate October PCE price data

The BEA's decision to average September and November CPI for October PCE calculation suggests a focus on smoothing price volatility, rather than reflecting any immediate inflationary pressures.

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BEA to use the average of September and November CPI to calculate October PCE price data

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This approach might impact the interpretation of inflation trends, potentially affecting market expectations for the Fed's policy direction as we head into year-end.

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