Inflation Cools as Fed's Preferred Gauge Shows Signs of Price Increases Slowing
TL;DR
The Federal Reserve's preferred inflation gauge, the personal consumption expenditures (PCE) price index, showed its biggest monthly increase since May, indicating rising inflationary pressures. The PCE price index rose by 0.6% in November, surpassing expectations, driven by higher energy prices and supply chain disruptions. This data suggests that inflation remains a concern for the central bank as it continues to monitor economic conditions and consider its monetary policy approach.
- Fed's preferred inflation gauge shows further signs of price increases cooling Yahoo Finance
- Powell’s Gonna Have a Cow When He Sees the PCE Inflation in “Core Services,” Housing, and Non-Housing Core Services WOLF STREET
- Key Fed inflation gauge rose 0.3% as expected in September; spending tops estimate CNBC Television
- Inflation holds steady in September Marketplace
Want the full story? Read the original reporting
Read on Yahoo Finance