Inflation Gauge Hits 2-Year Low, Signaling Potential Relief for Central Banks
Originally Published 2 years ago — by Barron's
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.