Fed’s Preferred Inflation Gauge Rises, Fueled by Higher Energy Costs
By Andrew Moran The Federal Reserve’s preferred inflation measurement rose, leading to broader concerns that the progress on the fight against inflation has stalled or might signal that another wave of price pressures could happen. In February, the Personal Consumption Expenditures (PCE) price index rose to 2.5 percent, up from 2.4 percent in January, according to the Bureau of Economic…
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