Fed’s preferred inflation gauge is set to back rate-Cut patience
22/4/2024 6:16
Federal Reserve officials are about to get further confirmation that progress against inflation has stalled, supporting what appears to be a shift in tone to keep interest rates higher for longer than previously anticipated.
Policymakers’ preferred inflation gauge — the personal consumption expenditures price index — probably stayed elevated in March, according to data due in the coming week.
Source: Bloomberg
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