The Federal Reserve’s preferred inflation measure, the personal consumption expenditures (PCE) price index, showed a cooling in March, easing concerns about rising inflation. This welcome news comes as the Fed continues to monitor economic data for signs of overheating. The PCE index rose 0.3% in March, below expectations, giving policymakers some breathing room.
Source link
The Fed’s Preferred Inflation Measure Cools, Welcome News
Related Posts
News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.