Reuters Marketmind: Last Lap The August reading of Federal Reserve’s favourite inflation gauge, the personal consumption expenditures (PCE) index, is released later on Friday. With financial markets under growing stress – and central banks in Japan, Britain and China intervening variously in currency and bond markets to suppress mounting volatility – investors will look to the final quarter for some signs of credit squeeze easing. So far, U.S. Federal Reserve or Treasury officials seem unfazed by the ructions overseas – with policymakers seemingly intent on pressing ahead with the inflation fight.
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