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One thing that is not spooky this Halloween is the latest PCE report, which showed prices increased as expected and annual inflation inched closer to the Fed’s 2% target. 

So Powell probably isn’t having any nightmares tonight, or at least any inflation-related ones. 

Prices increased by 0.2% month over month, according to the PCE index for September. Annual inflation for the 12 months ended September came in at 2.1%. 

It’s the lowest annual rate since February 2021. August’s annual headline figure came in at 2.3% after an upward revision Thursday, so things are moving in…

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