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The core PCE price index is at its lowest annual rate since April 2021, marking another step toward the Fed’s target of 2% inflation. When including gas and food prices, the overall PCE index was unchanged last month. Consumer expenditures increased 0.2% last month, a marked pullback from the 0.7% jump seen in September. When taking out inflation, however, the 0.2% real spending in October was down only slightly from September’s 0.3% gain. Holiday uncertaintyThe spending patterns last month align with the ongoing trend of people spending their money more on experiences.
Persons: Bharat Ramamurti, Kayla Bruun, Jill Renslow, Bruun, ” Ramamurti, Organizations: Minneapolis CNN, The Commerce Department, Federal Reserve, PCE, National Economic Council, CNN, Consumers, Morning, of, National Retail Federation Locations: Minneapolis, of America, Bloomington , Minnesota
Deer was added to the lung transplant list, but he faced an additional hurdle. Courtesy Northwestern MedicineThe genetic condition, called situs inversus, affects about 1 in every 10,000 people, according to the Cleveland Clinic. But having yet another rare condition that ends up causing enough lung damage that someone would need a lung transplant is even rarer,” Bharat said. Complicated surgeryLike Deer, Vega was put on the lung transplant waiting list, and like Deer, needed individualized treatment. Laura Brown/Courtesy Northwestern MedicineJust reattaching blood vessels created in utero for a left lung to openings on a “normal” right lung, for example, was especially difficult.
Persons: Dennis, Deer, , Ankit Bharat, Bharat, Yahaira Vega, situs, ” Bharat, Vega, , Laura Brown, Vega —, Norvell Tolbert, , , ” Deer, Gesturing Organizations: CNN, Northwestern Memorial Hospital, Northwestern, Cleveland Clinic, Northwestern Medicine Canning Thoracic Institute, , Northwestern Medicine, Northwestern Medicine Canning Thoracic, Memorial Hospital Locations: Cook, Illinois, Chicago, Elgin , Illinois
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