Iran War Lifts Fed’s Preferred Inflation Gauge to Highest Level Since May 2023
The Federal Reserve’s preferred measure of inflation accelerated in April to a three-year high, reinforcing the central bank’s budding support to consider raising interest rates if price pressures do not ease. The Personal Consumption Expenditures index rose 3.8 percent from the same time last year. It was the fastest annual pace since May 2023, when []
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