[NewYorkPost] Fed’s preferred inflation gauge rose a brisk 2.8% in March in yet another setback for rate cuts
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The Federal Reserve’s preferred measure of inflation showed prices once again rose at an unexpectedly brisk rate in March, marking another setback for rate-cut timing. The core Personal Consumption Expenditures Price Index rose 0.3% in March from the previous month and 2.8% year-over-year, according to the latest Bureau of Economic Analysis data released Friday. The…
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