Fed's favored inflation gauge shows consumer prices remained elevated in September

The Federal Reserve's preferred inflation gauge showed that consumer prices remained elevated in September, ahead of the central bank's policy meeting next week.The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.3% in September from a month ago and is up 2.8% from last year. Those figures were in line with the estimate of LSEG economists. Core PCE, which excludes volatile measurements of food and energy prices, was up 0.2% on a