According to new federal data released on Friday, the Federal Reserve’s preferred inflation gauge remained flat in May. According to the Commerce Department’s Personal Consumption Expenditures (PCE) Price Index, prices rose 0 percent last month and 2.6 percent compared to a year earlier. The “core” PCE inflation rate, which excludes volatile food and energy costs, was only…
New national data released on Friday revealed that the preferred inflation gauge for the Federal Reserve fell in May. Prices rose 0 percent in May and were up 2.6 percent from a year ago, according to the Commerce Department’s personal consumption expenditures (PCE ) price index. ” Core” PCE inflation, which excludes more volatile food and energy prices, was just … New national data released on Friday revealed that the preferred inflation gauge for the Federal Reserve fell in May. Prices rose 0 percent in May and were up 2.6 percent from a year ago, according to the Commerce Department’s personal consumption expenditures (PCE ) price index. ” Core” PCE inflation, which excludes more volatile food and energy prices, was just …
According to new federal data released on Friday, the Federal Reserve’s preferred inflation gauge remained flat in May. According to the Commerce Department’s Personal Consumption Expenditures (PCE) Price Index, prices rose 0 percent last month and 2.6 percent compared to a year earlier. The “core” PCE inflation rate, which excludes volatile food and energy costs, was only…
