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Inflation ticked up slightly to 3.5% in August in Fed's preferred gauge

Inflation ticked up a tenth of a percentage point to 3.5% for the year ending in August, as measured by the personal consumption expenditures price index, the gauge favored by the Federal Reserve.

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Stock Market News Today: S&P 500 Closes Out Worst Month of 2023

The S&P 500 ended September 5% lower, notching its second-straight losing month. For the third quarter, it lost about 4%.

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Fed's preferred inflation measure edges higher in July

The Federal Reserve's preferred inflation metric edged higher in July, likely raising the odds of another Fed rate hike at its November meeting.

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Inflation ticked up to 3.3% in July in Fed's preferred gauge

Inflation ticked up to a 3.3% annual rate in July, as measured by the gauge favored by the Federal Reserve.

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Euro Advances Amid Risk Appetite

The euro was higher against its major counterparts in the European session on Monday amid risk appetite, as China announced new measures to revive its capital markets and boost investor confidence.

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