Fed’s Preferred Inflation Measure Shows Signs of Cooling: What’s Next for Interest Rates?
The Federal Reserve’s battle against inflation is making headway as the central bank’s favored inflation gauge, the Personal Consumption Expenditures (PCE) index, showed signs of cooling in May. This development is seen as a positive indicator by economists and central bankers striving to manage demand and bring price increases under control. The PCE index rose […]
