Federal Reserve officials begin their two-day policy meeting Tuesday amid fresh signs that inflation remains lower than they would like, despite strong economic growth. The Fed’s preferred measure of inflation, the price index for personal-consumption expenditures, rose 1.6% in September from a year earlier, the Commerce Department said Monday. That is up from its 1.4% year-over-year gain in August, but still below the Fed’s 2% annual target.

Source: Wall Street Journal October 30, 2017 19:41 UTC