The Fed doesn't base its interest-rate moves on the CPI, however. The central bank prefers the less publicized personal-consumption expenditures, or PCE, price index as the best measure of inflation.

Baird Small/Mid Cap Growth portfolio increased +6.9% in 3Q, net of fees, compared to the +7.0% increase in our primary ...

The consumer-price index for September edged down to 2.4% yearly, well below its pandemic peak of closer to 9%. But September's reading also saw some upward price pressures in areas like food, ...

However, even if you exclude Shelter from the Sticky CPI price index, the Sticky inflation is still at 3%, and it has been at ...