November 12, 2026

Budget, Personal Loans

Bowman Puts October Core PCE at 3.3% and Says Inflation Progress Has Stalled

An empty dark wood lectern with two slim microphones standing in a warm spotlight on a conference stage, rows of empty upholstered chairs and deep navy drapes behind it in a wood paneled Washington hall

Fed Vice Chair for Supervision Michelle Bowman said core PCE inflation likely rose to 3.3% in October and that progress on lowering inflation has stalled.

Shelly Warding
November 12, 2026