Fed’s favorite PCE inflation gauge likely to show cooling inflation and back further rate cuts
The rate of U.S. inflation using the Federal Reserve’s favorite gauge is likely to show prices rising in August slightly faster than the central bank’s 2% goal, but on a downward trend that justifies further cuts in interest rates.
The rate of U.S. inflation using the Federal Reserve’s favorite gauge is likely to show prices rising in August slightly faster than the central bank’s 2% goal, but on a downward trend that justifies further cuts in interest rates.
