Fed’s Favored Inflation Gauge Cools, Spending Unexpectedly Drops
Wages, salaries advanced 0.2%, smallest gain in 5 months
The Federal Reserve’s preferred measure of underlying US inflation moderated in April and consumers dialed back their spending, supporting plans for an eventual reduction in interest rates. . The so-called core personal consumption expenditures price index, which strips out the volatile food and energy components, increased 0.2% from the prior month. . That marked the […]
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