Fed's favorite inflation gauge rises faster than expected in March

Fox Business— An inflation measure closely watched by the Federal Reserve rose faster than expected in March as high prices continue to weigh on millions of Americans. The personal consumption expenditures index showed that consumer prices rose 0.3% from the previous month, according to the Labor Department, in line with expectations. On an annual basis, prices climbed 2.7% – higher than both the 2.6% forecast from LSEG economists and the 2.5% reading recorded the previous month. In another sign that progress...

Breitbart—Fed’s Preferred Inflation Gauge Show Prices Rising Sharply. The PCE index shows that progression on bringing down inflation has stalled. | Economy

usanewsgroup.com—Fed’s favorite inflation gauge and Big Tech earnings greet a slumping stock market: What to know this week. The market rally is at its most fragile point in months. The S&P 500 (^GSPC) ended Friday below 5,000, its first close below that mark since late February. Meanwhile, the Nasdaq Composite (^IXIC) dropped more than 5% on the week, while the Dow held flat. This week, critical readings on economic growth and inflation, as […]

Honolulu Star-Advertiser—Price pressures persist in Fed’s inflation gauge. WASHINGTON >> A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.