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"Core" PCE, which excludes the volatile food and energy categories, grew 3.7% in September from the year-earlier period, down from a revised 3.8% in August
The CPI is a false signal. Adjusting it by comparison with other, superior measures, shows that it overstates inflation by 1-2%. We've already reached the Fed's 2% target
The latest figures show that inflation has been "tamed." In fact, they signal that deflation may be looming. Hard to tell – because the std economic models are broken.
The S&P 500 ended September 5% lower, notching its second-straight losing month. For the third quarter, it lost about 4%.