Fed-favored PCE inflation gauge falls for first time since pandemic, but danger far from over
The main inflation barometer used to set U.S. interest rates fell in June for the first time since the pandemic, underscoring why the Federal Reserve took no action this week to raise borrowing costs.
Overview
The main inflation barometer used to set U.S. interest rates fell in June for the first time since the pandemic, underscoring why the Federal Reserve took no action this week to raise borrowing costs.
Source
Originally published at www.marketwatch.com.
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