Free Trial

Pierces Support


Coming up in the Asia-Pac session on Friday


Heading North


BCCh Rate Decision Due At 2100GMT/1600ET

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: Dallas Fed Price Gauge Steady At 40-Year High


The Dallas Fed's trimmed mean PCE 12-month inflation rate held at 4.74% for the second month in September, still the fastest gain since 1982 and underlining why Chair Jerome Powell is resolute about keeping high interest rates.

The one-month annualized rate took a step down last month to 4.3% from the surge in August of 6.0%, and over half of all components rose more than 5% in September. Officials have cited the Dallas Fed's trimmed mean measure as one of the best indicators of underlying inflation and Fed economists have told MNI they are closely looking at the percentage of components rising at rates inconsistent with 2% inflation.

The Cleveland Fed's median PCE inflation rate released earlier Friday also showed a step down in underlying inflation month-over-month, increasing 0.4% in September versus 0.6% in August. The year-over-year figure was steady at 5.8%.

Dallas Fed Trimmed Mean PCE inflationSource: Dallas Fed

MNI Washington Bureau | +1 202-371-2121 |
MNI Washington Bureau | +1 202-371-2121 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.