US September PCE Inflation Hits 3.6%, Slightly Below Forecasts

K-SignalAI-generated2026-10-29

US September PCE Inflation Hits 3.6%, Slightly Below Forecasts

US September PCE inflation rose 3.6% year-on-year, slightly below the 3.7% expert forecast, according to the Commerce Department on October 29. The monthly increase was 0.5%. This remains nearly double the Fed's 2% long-term target, with the Korea Times noting the Fed kept rates unchanged at about 3.9% despite elevated inflation. Korean outlets like Yonhap and Maeil Business reported the data, while Chosun Ilbo highlighted that Q3 GDP growth beat expectations at 3.4%.

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