Fed's Preferred Inflation Gauge Climbs Above Target Range
Fed's Preferred Inflation Gauge Climbs Above Target Range
Over the past year, the PCE index is up by 4.1%, its highest reading since April 2023 and more than double the preferred target rate for the Federal Reserve.
Iran Plans to Make Billions in Fees From Reopening the Strait of Hormuz
Tehran thinks that charging for security, safety and environmental services in the strait would bring in $40 billion a year for states involved.
Stocks Mixed as Nasdaq Slides With Micron Failing to Allay Jitters
Fed's Preferred Inflation Gauge Climbs Above Target Range
Fed's Preferred Inflation Gauge Climbs Above Target Range
Fed's Preferred Inflation Gauge Climbs Above Target Range
Iran War Keeps Fed's Inflation Gauge Above Inflation Target
Fed minutes reveal rate hike discussions as inflation stays above 2%, the dollar hits a six-week high near 99.37, and Iran talks…
April PCE rose to 3.8% YoY, the highest since May 2023, as the Hormuz energy shock fed through. Core PCE hit 3.3% while Q1 GDP…
