According to September's Personal Consumption Expenditures (PCE) statistics, which was the most recent inflation data released, prices increased as predicted.
Prior to the Federal Reserve's final FOMC meeting of the year, which is set for next week, this report will be the last data release from the US federal government.
Most of the market anticipates a reduction in interest rates. Ed Yardeni, president of Yardeni Research, talks with Julie Hyman, host of Market Catalysts, about the latest inflation data and its implications for the Fed and the US stock market.
