Inflation Just Spiked to the Highest Level in Almost 3 Years in the First Report Under New Fed Chair Kevin Warsh. But There Was Some Good News

The April reading of the personal consumption expenditures price index was released earlier today.
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PCE report: Fed's preferred inflation gauge rises 3.8% in April, Q1 GDP revised downward to 1.6%

Index, which is the Federal Reserve’s preferred gauge of inflation, advanced 3.8% in April on an annualized basis. The Commerce Department data showed that core PCE, which excludes food and energy, ...
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Fed's favored inflation gauge shows consumer prices remained elevated in November

The Federal Reserve's preferred inflation gauge showed that consumer prices remained elevated in November, ahead of the central bank's policy meeting next week. The Commerce Department on Thursday ...