Fed’s Preferred Inflation Gauge Tops Estimates as Price Stability Progress Stall
The Federal Reserve’s preferred inflation gauge surged at a higher-than-expected pace, highlighting the persistent struggle to return inflation to the central bank’s 2 percent target. According to the Bureau of Economic Analysis (BEA), the personal consumption expenditure (PCE) price index rose to 2.7 percent in March, up from 2.5 percent in February. This also came […]