Inflation Gauge Hits 2-Year Low, Signaling Potential Relief for Central Banks
TL;DR Summary
The Federal Reserve's preferred inflation gauge, the core personal consumption expenditures (PCE) price index, showed a lower-than-expected increase in May, indicating that the central bank may not need to raise interest rates significantly to combat rising prices. This data provides reassurance regarding the Fed's approach to managing inflation.
- Fed's Preferred Gauge Shows Lowest Annual Inflation Since April 2021 Barron's
- An inflation gauge tracked by the Federal Reserve falls to its lowest point in 2 years Yahoo Finance
- Key Inflation Gauge Cooled in May, a Glimmer of Good News for the Fed The New York Times
- The Bank of Canada is very likely to raise rates in July: Royce Mendes BNN Bloomberg
- Fed Inflation Gauge at 2-Year Low, Falls Below 4% as Rate Hikes Take Hold TheStreet
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
0 min
vs 1 min read
Condensed
49%
94 → 48 words
Want the full story? Read the original article
Read on Barron's