Inflation: Back from Vacation

Key price gauges are ready to surge over the next few months, which could make the Fed rethink its recent rate cut. Here's why

The recent run of tepid inflation reports is about to come to an end. The last major inflation indicator for August, the personal consumption expenditure (PCE) chain price index, to be released Sept. 28, will mark the end of the year-over-year "honeymoon" for various U.S. headline inflation measures since the jumbo commodity price free fall starting in August of last year.

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