US core PCE rises 0.2% in September, meeting expectations

The U.S. core Personal Consumption Expenditures (PCE) Price Index rose 0.2% month-over-month in September, in line with economists' forecasts, the Bureau of Economic Analysis (BEA) announced. On a year-over-year basis, the index increased by 2.8%, slightly below the consensus estimate of 2.9%. The core PCE index, which excludes volatile food and energy components, is the Federal Reserve's preferred measure of inflation.