Key Inflation Gauge , Rose 0.5% in September.<br />The Federal Reserve's attempts to curb inflation are hardly making a dent.<br />On Oct. 28, the Bureau of Economic Analysis <br />reported that the core personal consumption <br />expenditures price index (PCE) rose 0.5% in September.<br />It also increased 5.1% over the past year.<br />The acceleration was in line with predictions. .<br />Core PCE does not account for food and energy prices since they are volatile. .<br />Core PCE does not account for food and energy prices since they are volatile. .<br />Five interest rate hikes have already <br />been implemented this year.<br />'Forbes' reports that the Sept. 21 hike put <br />the federal funds rate at 3% to 3.25%.<br />The Federal Reserve is scheduled to meet again on Nov. 2 to discuss another interest rate hike.<br />The meeting comes days <br />before midterm elections