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Iran War Lifts Fed’s Preferred Inflation Gauge to Highest Level Since May 2023
The Personal Consumption Expenditures price index rose 3.8 percent in April from the same time last year.
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marketplace.org
Inflation expectations are rising, and that alone could push prices higher
Consumers now expect prices to rise 4.8% over the next year, up from 3.4% in February, and businesses and bond markets are signaling similar expectations.
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punchng.com
US Fed's preferred inflation gauge rose by 3.8% in April
US inflation, measured by the Fed's preferred PCE index, jumped 3.8% in April, the highest year-on-year rate since 2023. Get the details on rising US infla
