The Fed’s preferred inflation gauge just moved in the wrong direction
by CNN
CNN— Inflation remained stubbornly high last month, but it hasn’t stopped Americans from spending. The Personal Consumption Expenditures price index — a closely watched inflation gauge favored by the Federal Reserve — accelerated to 2.7% for the year ended in March, according to data released Friday by the Commerce Department. That rate was above economists’ expectations for a 2.6% gain and landed above February’s reading of 2.5%. On a monthly basis, prices rose 0.3%, unchanged from the pace seen in...
Breitbart—Fed’s Preferred Inflation Gauge Show Prices Rising Sharply. The PCE index shows that progression on bringing down inflation has stalled. | Economy
www.theyeshivaworld.com—Fed’s Preferred Inflation Gauge Shows Price Pressures Stayed Elevated Last Month. 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. Friday’s report from the government showed that prices rose 0.3% from February to March, the same as in the […]
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.