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The Fed’s preferred inflation indicator is out Friday. Here’s what to expect

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The Fed's preferred inflation indicator is out Friday. Here's what to expect

A customer shops at a supermarket on August 14, 2024 in Arlington, Virginia. 

Sha Hanting | China News Service | Getty Images

Federal Reserve officials will get the latest look at their favorite inflation indicator Friday, a data snapshot that could influence the September rate decision even as policymakers appear to have their focus elsewhere these days.

The Commerce Department at 8:30 a.m. ET will release its personal consumption expenditures…

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