Fed's preferred inflation measure slows in August

Rising oil prices and inflation concerns pushed the 10-year Treasury yield above 5.2%. The Federal Reserve's preferred inflation measure showed a cooler increase in August, with the PCE index rising 0.3% month-over-month and 3.4% annually, both slightly below expectations. Despite signs of easing, inflation remains above the Fed's 2% target, with policymakers focusing on core PCE data to guide future decisions.

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