President Joe Biden speaks at the IBEW Construction and Maintenance Conference, Friday, Ap The Federal Reserve’s preferred measure of inflation showed prices rose sharply again in March, confirming that progress on bringing inflation down to the Fed’s two percent target has stalled.
The personal consumption expenditure price index rose 0.3 percent in March, the Department of Commerce said Friday. Compared with a year ago, the index is up 2.7 percent, slightly above the 2.6 percent forecast by Wall Street.
Core PCE inflation, which strips out food and energy prices, also rose 0.3 percent from February to March. Over the past 12 […]
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