Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected

What the coverage shows

Both outlets focus on the Fed’s preferred inflation gauge for August, with The Hill leading on the overall PCE measure falling to 3.4% and CNBC foregrounding core inflation at 3.0% and the fact that it came in below forecasts. CNBC alone explicitly contrasts the result with Dow Jones consensus estimates, while The Hill alone mentions central bank officials saying future rate hikes could still be on the horizon.

Written by Crossfiled from the 1 headlines and extracts below, not from the articles themselves. It describes how the outlets framed this, not what happened. Open any headline for a summary of that article.