Valin Posted April 26 Share Posted April 26 The Washington Examiner Zachary Halaschak April 26, 2024 Inflation ticked up to 2.7% for the year ending in March, as measured by the personal consumption expenditures price index, which is the gauge favored by the Federal Reserve. The 0.2 percentage point rise in headline inflation reported Friday morning by the Bureau of Economic Analysis is bad news for the Fed, which is working to quash inflation by keeping interest rates elevated. The consensus among economists was that PCE inflation would punch in at 2.6%. The Fed’s target is 2% inflation in the PCE index. From February to March, inflation rose 0.3%, which is about in line with forecast expectations. ____________________________________________________________ Link to comment Share on other sites More sharing options...
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